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Circle Posts $428M Q2 Loss Despite USDC Expansion and Arc Blockchain Launch
Circle Posts $428M Q2 Loss Despite USDC Expansion and Arc Blockchain Launch
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USDC News -
Circle (CRCL) reported a $428 million net loss in Q2 2025, even as USDC circulation nearly doubled and on-chain transaction volume surged to $5.9 trillion. The stablecoin issuer announced Arc, an EVM-compatible layer-1 blockchain that will use USDC as its native gas token, targeting enterprise payments and capital markets.
USDC's market share grew to 28% while Circle's total revenue increased 53% to $658 million. The loss was primarily driven by costs associated with its June IPO. Arc will compete with other stablecoin-focused chains like Plasma and Stable, as Stripe reportedly develops its own solution called Tempo.
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