Circle, the company behind the popular USDC stablecoin, is taking another big step to stay ahead in the global stablecoin market. During its Q2 earnings report, the company introduced Circle Arc. This is a new Layer-1 blockchain designed for stablecoin payments, currency exchange, and other financial market uses. The Arc blockchain network aims to create faster, more secure, and enterprise-grade payment solutions. A New Blockchain Built for Stablecoin Payments During the official announcement , Circle described Arc as an open, EVM-compatible blockchain built to make stablecoin transactions faster and more efficient. Arc has a built-in tool that lets users change between currencies easily. It can complete transactions in less than a second. Businesses can also choose privacy settings to keep their operations secure and confidential. The company said the new layer-1 blockchain will use USDC as its native gas token. Also, it will be fully integrated into its existing platform and will work seamlessly with partner blockchains already supported by Circle. The public testnet for Arc is set to go live later this year. Circle Reports Strong Growth and Strategic Moves The Arc announcement came as Circle reported a successful quarter following its Initial Public Offering event (IPO) in June , which raised 1.2 billion. Reportedly, USDC circulation grew 90% in one year, reaching $61.3 billion by the end of Q2. By August 10, 2025, it had risen further to $65.2 billion. Revenue and reserve income went up 53% to $658 million. Still, the company reported a net loss of $482 million, mostly because of $591 million in non-cash costs linked to its IPO. The costs included $424 million in stock payments tied to IPO rules. Another $167 million came from the higher value of its convertible debt as CRCL’s stock price rose. Furthermore, the stablecoin issuer also highlighted several recent developments. Circle said the recent passage of the GENIUS Act by the U.S. government formalizes its long-standing commitment to regulatory compliance. In payments infrastructure, the Circle Payments Network (CPN), launched in May, now operates four active payment corridors, with over 100 financial institutions preparing to join. In July, Circle also rolled out Circle Gateway, allowing users to maintain unified USDC balances for instant cross-chain liquidity. Circle Stock Jumps Following Arc Launch News Investors reacted well to the Arc announcement and earnings report. CRCL stock climbed more than 8% in pre-market trading, rising from $161 at yesterday’s close to around $174, according to TradingView data. Also, USDC is showing an upward trajectory, with price currently trading at 0.99, up by 0.02% in the last 24 hours, according to CoinMarketCap data. With Arc coming soon, USDC growing fast, and new payment ideas, Circle is pushing to grow its reach. The company aims to become a leader in both stablecoins and blockchain payments space. The post Circle Unveils Arc Blockchain to Strengthen Stablecoin Leadership appeared first on TheCoinrise.com .
