Circle Internet Group Gains 16% as Arc Blockchain Raise Draws Blackrock and Apollo

While American bankers, lawmakers, stablecoin issuers, and crypto exchanges trade barbs, Circle investors appear entirely unbothered. Circle Internet Group (NYSE: CRCL) closed roughly 16% higher on Monday at Wall Street’s close, after the stablecoin issuer announced a $222 million pre-launch token sale for its new layer-one (L1) blockchain project, Arc, backed by Blackrock, A16z, Apollo,