Circle, the issuer of the USDC stablecoin, has unveiled an ambitious project called Arc – its own Layer-1 blockchain designed to strengthen its market leadership and revolutionize stablecoin payments. The network’s native token will be USDC, which will also serve as gas for transactions.
Arc: Speed, Interoperability, and Enterprise Use
According to the official announcement, Arc is built as an open blockchain focusing on enterprise payments, foreign exchange operations, and capital market applications.
🔹 EVM Compatibility – easy integration with existing applications
🔹 Transaction finality in under 1 second – near-instant settlements
🔹 Integrated stablecoin FX engine – efficient currency conversions
🔹 Customizable privacy features – adaptable for sensitive operations
Circle plans to fully integrate Arc across its platform and ensure complete interoperability with other blockchains it supports. The public testnet is set to launch in fall 2025.
Strong Financial Base After a Successful IPO
The Arc announcement came alongside Circle’s second-quarter financial results, the first since its June IPO, which raised $1.2 billion.
📈 USDC in circulation grew 90% year-over-year to $61.3 billion, and by August 10 rose further to $65.2 billion.
💰 Revenue and reserve earnings climbed 53% to $658 million.
📉 Net loss amounted to $482 million, mainly due to non-cash IPO-related charges totaling $591 million.
Expanding Payment Infrastructure
In addition to Arc, Circle highlighted the growth of the Circle Payments Network (CPN), launched in May, which already has four active payment corridors and plans to onboard over 100 financial institutions. In July, the company also introduced Circle Gateway, enabling unified USDC balances for instant liquidity across chains.
💹 Market Reaction: Following the Arc reveal and earnings report, CRCL shares rose more than 8% in pre-market trading to $174, compared to the previous closing price of $161.
#USDC , #stablecoin , #Circle , #CryptoInnovation , #defi
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“