Blockchain technology firm Circle announces Arc Blockchain, designed to support transactions using stablecoins for digital payment solutions.
Circle Internet Group Unveils New Blockchain, Arc, Aiming to Revolutionize Stablecoin Finance
Circle Internet Group, the issuer of the USDC stablecoin and a key player in the blockchain-based payments and finance industry, has announced the introduction of Arc, a new open, layer-1 blockchain. The blockchain, designed to serve as a stablecoin-focused network, is set to launch in the fall of 2025, with the public testnet scheduled for release in the coming months [1][2][3][4].
Founded in October 2013, Circle has positioned itself at the forefront of the growing ecosystem of blockchain-based payments and finance. The company's latest venture, Arc, is built to be compatible with the Ethereum Virtual Machine (EVM) and features Circle's USD Coin (USDC) stablecoin as its native gas token.
Arc aims to provide sub-second settlement, integrated stablecoin FX features, and opt-in privacy controls, making it a promising solution for stablecoin payments, foreign exchange, and capital markets. The blockchain will be deeply integrated with Circle's existing services and platform offerings, while also being interoperable with numerous partner blockchains already supported by the firm.
Circle's first earnings report as a public company, following its public debut on the NYSE in June 2025, demonstrated continued adoption of its platform across a broad range of use cases and partnerships involving significant industry players. The company reported a strong year-over-year growth in revenue and reserves, with total revenue and reserves for the second quarter of 2025 reaching $658 million, an increase of 53% [4].
Despite this revenue boost, Circle posted a net loss of $482 million during the quarter, attributed to non-cash charges amounting to $591 million linked to expenses related to its initial public offering (IPO). However, the company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $126 million in the second quarter, marking a 52% year-over-year increase [4].
USDC, Circle's stablecoin, currently holds a market capitalization of $65 billion and accounts for approximately 24% of the global stablecoin market. The launch of Arc is a strategic expansion of Circle's technological foundation, aiming to enhance the role of stablecoins in global payments and capital markets.
Early institutional access will be available from day one via Fireblocks. The mainnet beta is expected in 2026 [4]. The public testnet for Arc is scheduled for release in the fall of 2025, with the public launch expected before the end of the year.
[1] https://www.circle.com/en/press/2025-08-12-circle-announces-arc-blockchain [2] https://www.fireblocks.com/blog/early-institutional-access-to-circle-arc-blockchain [3] https://www.coindesk.com/business/2025/08/12/circle-announces-arc-blockchain-to-compete-with-ethereum/ [4] https://www.circle.com/en/investor-relations/financials
The new blockchain, Arc, developed by Circle Internet Group, serves as a potential game-changer in the stablecoin-focused network within the business and technology sector, especially in stablecoin payments, foreign exchange, and capital markets. With the Arc blockchain's integration with Circle's existing services, its compatibility with the Ethereum Virtual Machine (EVM), and its native use of Circle's USD Coin stablecoin, it aims to revolutionize the role of stablecoins in global finance.
