Stablecoin Second Half
Circle Announces Launch of ARC, a Layer 1 Blockchain Focused on Stablecoins
Circle will launch ARC, a Layer 1 blockchain dedicated to serving stablecoins.
Circle's USDC circulation increased by 90% year-on-year in the second quarter, with a net loss of $482 million.
Circle (NYSE: CRCL) reported its second-quarter financial results for 2025, showing a 90% year-on-year increase in USDC circulation to $61.3 billion, with total revenue and reserve income growing by 53% to $658 million.
Due to non-cash expenses related to the IPO, the net loss was $482 million.
Circle completed a $1.2 billion IPO, launched the Circle Payments Network, announced partnerships with Binance, OKX, and others, and plans to launch Arc, a Layer 1 blockchain specifically designed for stablecoin finance.