Circle has announced the launch of its new blockchain, Arc, which will serve as a foundation for the stablecoin USDC and other financial applications.
Launch of Arc Blockchain
Circle, the creator of the USDC stablecoin, has announced the launch of its new blockchain, Arc, aimed at deepening the company's presence in the stablecoin ecosystem. Arc will utilize USDC as its primary token for transactions and significantly enhance the functionality of the stablecoin within the blockchain.
Goals and Features of Arc
Arc is an open blockchain network compatible with the Ethereum Virtual Machine (EVM). The blockchain aims to address enterprise needs and promises features such as instantaneous settlement finality, an integrated FX engine for stablecoins, and optional privacy controls. This is expected to attract the attention of both institutional clients and developers.
Circle's Q2 2025 Financial Results
According to Circle's report for Q2 2025, the circulating volume of USDC reached $61.3 billion by the end of the second quarter, an increase of 90% year-over-year. Total revenue and reserve income also rose by 53% year-over-year to $658 million. However, the company reported a net loss of $482 million, primarily due to a one-time non-cash charge associated with its IPO.
The launch of Arc highlights Circle's ambitions in stable financing and its desire to offer innovative solutions for businesses amid growing interest in blockchain-based assets.
