Arc Network, the Layer-1 blockchain developed by Circle, has successfully closed a $222 million private funding round at a $3 billion valuation.
The round attracted top-tier investors including A16Z, IDG Capital, General Catalyst, Haun Ventures, and SBI Holdings, with BlackRock also participating. This is one of the largest funding rounds in the L1 sector this year and underscores strong institutional confidence in stablecoin-native infrastructure.
Arc is purpose-built for stablecoin finance, using USDC as the native gas token, offering sub-second finality, opt-in privacy, and deep integration with Circle’s full product suite (CCTP, Mint, Wallets). The fresh capital will accelerate mainnet development and ecosystem growth.
