NiftyNoon: Will Circle's $222M Arc L1 Presale Bring TradFi Onchain? ⭕🏦📈

Circle raised $222 million for its Arc token presale while posting strong Q1 earnings and massive USDC supply growth (May 12th, 2026)

Nifty Thought:

Following a strong Q1 earnings report, USDC issuer Circle has announced a massive $222 million raise for its Arc Layer 1 blockchain token. With backing from heavyweights like a16z Crypto, BlackRock, and Apollo, the ARC token presale values the network at a fully diluted $3 billion. Circle also reported Q1 revenue of $694 million, beating EPS estimates, alongside a 28% year-over-year growth in USDC circulation which reached a staggering $77 billion.

Arc is uniquely positioned as an institutional-grade, EVM-compatible blockchain designed specifically for stablecoin-based finance and tokenized markets. By utilizing USDC as its native gas token, this move may allow Circle to own the underlying infrastructure its stablecoin relies on, reducing dependence on other chains like Ethereum and Solana. As institutional interest continues to flow into the space, this network could prove to be a massive catalyst for stablecoin adoption and the broader integration of traditional finance onchain.

Highlighted News:

• 🪙 a16z Crypto among heavyweights investing in ARC:

  

  Ali Yahya@alive_eth

  https://t.co/EJrDz0w0jX

  1:49 PM · May 11, 2026 · 95K Views

  ---

  24 Replies · 65 Reposts · 435 Likes

• 🚨 Senator Bernie Moreno reacts to urgent American Bankers Association CEO email urging bank leaders to lobby against stablecoin provisions in the Clarity Act:

  

  Bernie Moreno@berniemoreno

  🚨 The banking cartel is in full panic mode. 🚨 While Americans were celebrating Mother’s Day with their families, the CEO of the American Bankers Association sent a frantic alert to every bank CEO in the country, demanding “immediate engagement” to lobby Senators and kill

  

  

  2:18 PM · May 11, 2026 · 815K Views

  ---

  424 Replies · 2.3K Reposts · 7.91K Likes

Project and Community News:

• Jeremy Allaire announced Circle’s Q1 2026 results showing $694M in total revenue and reserve income up 20% YoY

• Introducing the ARC whitepaper

• Tether Launches Developer Grants Program to Fund Local-First AI and Payments Infrastructure

• Ripple Prime Secures $200 Million Debt Facility from Neuberger Specialty Finance to Expand Capacity

• Ondo tokenized stocks can now be bridged to Hyperliquid’s HyperEVM via

  @LayerZero_core

• Hyperliquid congratulates Phantom wallet for generating $20M in revenue via builder codes in under a year

• Franklin Templeton Digital Assets promotes $EZPZ, its Franklin Crypto Index ETF

• Sharplink announced a non-binding agreement with Galaxy Digital to create the $125M Galaxy Sharplink Onchain Yield Fund

• MoonPay has acquired Dawn Labs

Quick Stats:

• 🟠 BTC: $80,613.00 (▼ 0.61%)

• 🔷 ETH: $2,283.26 (▼ 2.15%)

• 🟣 Solana: $94.71 (▼ 0.60%)

• 💧 Hyperliquid: $40.62 (▼ 2.19%)

Top NFT Sales:

• CryptoPunks #5054: 34.00 ETH

• CryptoPunks #9016: 33.50 ETH

• CryptoPunks #3315: 32.23 ETH

NFT Daily Winners:

• 🏳‍🌈 Chromie Squiggles: 2.80 ETH (▲ 6.67%)

• 🦕 Claynosaurz: 13.90 SOL (▲ 0.01%)

• 🧙‍♂️ Taproot Wizards: 0.05 BTC (► 0.00%)

• 🐵 NodeMonkes: 0.02 BTC (► 0.00%)

NFT Daily Losers:

• 😡 Mad Lads: 6.78 SOL (▼ 0.26%)

• 🦧 Bored Ape Yacht Club: 10.40 ETH (▼ 2.71%)

• 🚬 CryptoPunks: 29.60 ETH (▼ 2.92%)

• 🐧 Pudgy Penguins: 5.35 ETH (▼ 3.31%)

Notes:

• If you find quick daily crypto updates helpful, please feel free to subscribe:

• The content on this site is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.

• Managed by @AxuBTC, @Miinted, @drethernik, @SpeedyGonzale87 and @GioeleG.