Circle To Launch New Layer-1 Blockchain for Stablecoin Payments
Circle, a publicly listed U.S. company known for its USDC stablecoin, has revealed plans to birth a new layer-1 blockchain later this 365 days.
In a most modern press unlock, Circle announced Arc, a new Layer-1 blockchain, designed to present an “endeavor-grade foundation” for stablecoin payments, international change, and capital markets applications. ”
The EVM-be pleased minded network uses USDC as its native gas and involves an integrated stablecoin FX engine, sub-2nd settlement finality, and now not compulsory privateness controls for customers. Arc will be fully integrated across Circle’s platform and live interoperable with various partner blockchains. The corporate plans to birth a public test model of Arc this topple.
Circle known as this blockchain “cause-constructed” for stablecoin finance, marking a defining moment in its stir to impart a “fat-stack platform” for the gain financial plan.
Q2 Income Hits $658M, USDC Circulation Rises To $65B
The corporate now not too prolonged within the past posted its Q2 outcomes with tough development. Its USDC in circulation soared 90% 365 days-over-365 days to $61.3 billion by the quarter’s smash and climbed even better to $65.2 billion by August 10, 2025. The final income and reserve profits also jumped fifty three% 365 days-over-365 days, reaching $658 million.
It also reported a gain loss of $482 million, mainly attributable to $591 million in non-cash payments associated to its June IPO.
Jeremy Allaire, Circle’s CEO, praised the company’s tough Q2 development and a hit IPO, calling it a key milestone for both Circle and the broader stablecoin industry.
Circle’s Predominant Milestones and Partnerships Enhance Growth
Circle executed predominant milestones this 365 days.
It executed a a hit $1.2 billion IPO and, in Can also simply, launched its Payments Network, a cutting-edge platform that permits over 100 financial institutions to make spend of stablecoins for payments.
In July, Circle launched Gateway on testnet, enabling immediate USDC get entry to across blockchains, without a bridging or shifting funds wished. It is some distance most steadily expanding with new partnerships across digital resources, banking, payments, and capital markets, including enormous names be pleased Binance, Corpay, FIS, Fiserv, and OKX.
The stablecoin market is rising rapid, namely after President Trump signed the GENIUS Act into law. The brand new law units certain federal principles for price stablecoins within the U.S., giving the industry a enormous enhance.
The final stablecoin market is at existing over $282 billion.
