American company Circle, the issuer of the USDC stablecoin listed on exchanges, announced its intention to launch a new Layer-1 blockchain compatible with the Ethereum Virtual Machine (EVM) environment before the end of this year.
The new network, which will be named Arc, is designed to be primarily focused on the institutional sector, aiming to support stablecoin payments, international financial transfers, and capital markets applications.
According to the company, Arc will first launch on a public test network, with USDC adopted as the main gas token, allowing users to pay transaction fees directly using the stablecoin. The network will also provide an integrated stablecoin conversion system, transaction completion speeds of less than one second, and optional privacy features.
At the same time, Circle revealed its financial results for the second quarter of 2025, achieving a 53% year-over-year increase in revenue and reserve revenue, reaching $658 million.
Arc will be fully integrated into the Circle platform and services, while maintaining compatibility with dozens of partner networks supported by the company.
Currently, the total market capitalization of USDC is around $65.6 billion, operating on 24 different networks, while the Ethereum network is the largest in terms of supply volume, with a total of approximately $42.6 billion of the currency.
This story is still under development, and more details will be published as soon as they are available.
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