ARC token
The genesis mint created 10 billion ARC tokens, but Circle has not committed to a public token launch.
What it is
ARC is the planned coordination token for Arc, used for security, utility and governance. Arc network fees are paid in USDC, and the token is described as a coordination token for security, utility and governance. Circle recognizes presale revenue from ARC in other revenue, which lifted its 2026 other revenue guidance.
Why it matters to the stock. Token sales are a one-time revenue source. A public launch would also set a market price for Circle's Arc exposure, which is a different risk from its USDC business.
News
Circle mints the full 10 billion ARC token supply but does not commit to a public launch
Circle completed the genesis mint of 10 billion ARC tokens in the same week as the Arc mainnet launch.
Circle raises $222 million in ARC token presale at $3 billion valuation
Alongside its first-quarter results, Circle said it raised $222 million in a presale of the ARC token for its Arc blockchain at a $3 billion fully diluted network valuation.