Circle Drops Bombshell: Launches Layer-1 Blockchain ’Arc’ Amid Staggering $428M Q2 Loss

Stablecoin giant Circle just pulled back the curtain on its Layer-1 blockchain play—Arc—while bleeding half a billion in red ink. Talk about timing.

The Big Reveal

Arc enters a crowded Layer-1 arena, promising scalability and interoperability. No whitepaper fluff—just a live network and a nine-figure quarterly loss.

The Bloodbath

$428 million vanished last quarter. Was it R&D for Arc? Regulatory battles? Or just another crypto company burning cash like it's 2021?

Why It Matters

Circle's betting the farm that enterprise adoption will offset its mounting losses. Meanwhile, TradFi bankers sip champagne and whisper 'I told you so.'

One thing's clear: In crypto, you can lose more in a quarter than most startups raise in a lifetime—and still launch a blockchain like it's nothing.