evenue & Losses: Circle, the company behind USD Coin (USDC), made $658 million in revenue in Q2—up 53% from last year. But it reported a net loss of $482 million, mostly due to accounting costs like stock rewards and debt revaluation.
- Profit Growth: Circle’s adjusted profit (EBITDA) rose 52% to $126 million, thanks to higher interest earnings from USDC reserves.
- USDC Growth: The amount of USDC in circulation hit $61.3 billion at the end of the quarter—90% more than last year. It’s now grown to $65.2 billion. Circle aims to grow USDC supply by 40% per year.
- Spending Plans: Circle expects to spend $475M–$490M in operating costs for the full year 2025.
🚀 Introducing Arc: Circle’s New Blockchain
- Circle announced Arc, a new Ethereum-compatible Layer-1 blockchain that uses USDC as its gas token (for transaction fees).
- Arc is built for fast payments, foreign exchange, and capital markets, offering:
- Sub-second transaction speed
- Built-in FX engine for stablecoins
- Optional privacy features
- A public testnet will launch between September and November, with full release after that.
- Arc will work with Circle’s current services and stay compatible with other blockchains that support USDC.
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📜 Regulation Boost
- The GENIUS Act, a new U.S. law, sets rules for payment stablecoins. Circle says this will help more people and businesses use USDC and its products.
#FintechGrowth #StablecoinSurge #CircleIPO #USDCStats #CryptoEarnings
