Circle Launches Arc: A USDC-Powered Enterprise Blockchain for Stablecoin Payments
Circle, the publicly traded issuer of USDC, has announced plans to launch Arc, an EVM-compatible Layer-1 blockchain tailored for institutional stablecoin transactions. The network will utilize USDC as its native gas token and offer integrated FX capabilities, sub-second settlement, and optional privacy controls—positioning itself as a turnkey solution for capital markets and cross-border payments.
The announcement follows Circle's strong Q2 earnings, with USDC circulation surging 90% year-over-year to $65.2 billion. While revenue reached $658 million, the company reported a $482 million net loss due to strategic investments in blockchain infrastructure. Arc's testnet launch this fall marks Circle's push to lead enterprise blockchain adoption.
