Circle Releases Q2 Financial Report: USDC Market Value Increases by 90% Year-on-Year, L1 Blockchain Arc to Launch in Q3, CRCL Rises 10% in Pre-Market

Circle announced on August 12 that it will launch an open Layer-1 blockchain named Arc, designed for stablecoin payments, foreign exchange trading, and capital market applications, aiming to provide efficient and secure enterprise-level blockchain infrastructure. (Background: Tether reiterates: We will return to the US market! Targeting institutional clients, but not learning from Circle's IPO) (Context: Crypto market Q2 report: Bitcoin hits new highs, Circle IPO, DEX trading explodes... Seven industry highlights at a glance) The dollar stablecoin USDC issuer Circle released its Q2 2025 financial report later on August 12, simultaneously announcing the launch of a Layer-1 blockchain named Arc, designed for stablecoin payments, foreign exchange trading, and capital market applications, aiming to provide efficient and secure enterprise-level blockchain infrastructure. What is the Arc blockchain? Circle pointed out that the Arc blockchain is a Layer-1 blockchain built by Circle to meet enterprise-level needs, compatible with the Ethereum Virtual Machine (EVM), and uses Circle-issued stablecoin USDC as its native gas token. The design goal of Arc is to provide an efficient, low-cost trading environment, with core features including sub-second transaction confirmation speeds, optional privacy controls, and deep integration with Circle's existing products (such as Circle Payments Network, USDC, and EURC). Furthermore, Arc will support interoperability with other blockchains to ensure that enterprises can operate seamlessly in a multi-chain ecosystem. According to Circle's plan, the Arc public testnet is expected to launch in the fall of 2025, with the mainnet beta version anticipated to go live in 2026. Circle emphasized that this move is expected to attract more financial institutions to adopt Circle's stablecoins and blockchain solutions. Circle released its Q2 2025 financial report Regarding Circle's Q2 2025 financial report, the report shows that Circle's USDC circulation increased by 90% year-on-year, reaching $61.3 billion by the end of June, and further rising to $65.2 billion on August 10. At the same time, Circle's total revenue also grew by 53%, reaching $658 million, exceeding market expectations; adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 52%, reaching $126 million. However, affected by non-cash expenses related to the IPO, Circle reported a net loss of $482 million, with the vast majority coming from $424 million in stock compensation expenses. Despite facing losses, looking ahead, Circle expects USDC circulation to maintain a 40% annual compound growth rate, with other revenues projected to reach $75 million to $85 million. CRCL rises 10% in pre-market According to Google Finance data, Circle stock CRCL rose 10% before the US market opened, with a pre-market price of $178, and a market capitalization reported at $35.8 billion. Related reports Aevo's Degen launches '1000x US stock leverage', first to go live on Coinbase, Robinhood, Circle, and Microstrategy Trump signs (GENIUS) stablecoin law, Tether: Striving for USDT compliance, will issue a US-exclusive stablecoin, how will Circle respond? From on-chain to Wall Street: Circle leads the surge, with these 13 crypto giants queuing for IPO "Circle releases Q2 financial report: USDC market value increases by 90% year-on-year, L1 blockchain Arc will be launched in Q3, CRCL rises 10% in pre-market" This article was first published on BlockTempo (the most influential blockchain news media).