USDC issuer Circle to launch new layer-1 Arc blockchain this year
Main Idea
Circle, the issuer of USDC stablecoin, plans to launch its own layer-1 blockchain, Arc, later this year, designed for stablecoin finance and compatible with the Ethereum Virtual Machine (EVM).
Key Points
1. Circle's USDC stablecoin grew 90% year-over-year in Q2 2025, reaching $658 million in income.
2. Arc blockchain is 'purpose-built for stablecoin finance' and will feature USDC as native gas, with integrated privacy controls.
3. Arc will be fully integrated across Circle’s platform and services, including partner blockchains that Circle supports.
4. USDC currently has a $65.6 billion market capitalization and operates on 24 networks, with Ethereum being the largest at $42.6 billion in supply.
5. The public testnet for Arc is expected to launch this fall.
Description
USDC issuer Circle has introduced its own layer-1 blockchain, Arc, as its stablecoin grew 90% year-over-year in Q2 2025.
Latest News
- Bitcoin bulls charge at all-time highs as trader says $126K 'pivotal'2025-08-13 15:45:25
- XRP futures OI jumps 20% as price charts target $6 in August2025-08-13 15:20:39
- Record $37T US debt and M2 money growth set stage for $132K Bitcoin2025-08-13 10:55:43
- Whale holding $5.6B in ETH is selling, dumps $88M in 15 hours2025-08-13 08:09:38
- Wisconsin senators file companion bill aiming to curb crypto ATM scams2025-08-13 06:31:18