USDC stablecoin issuer Circle will introduce an open Layer-1 blockchain purpose-built for stablecoin finance. Releasing the second quarter results for 2025 on its official website, the stablecoin issuer mentioned that it will roll out Arc, an open Layer-1 blockchain, later this year.
Designed as an enterprise-grade foundation, Arc aims to support stablecoin payments, foreign exchange (FX), and capital markets applications. The EVM-compatible network will feature USDC as its native gas token and includes an integrated stablecoin FX engine, sub-second settlement finality, and opt-in privacy controls, according to Circle’s report.
In addition, the platform will be fully integrated across Circle’s platform and services, which will be interoperable with other partner blockchains that Circle supports. Arc is expected to launch in public testnet this fall.
Reflecting on the Circle’s performance, during the second quarter, Jeremy Allaire, Co-Founder, Chief Executive Officer and Chairman at Circle, stated “I’m proud of Circle’s performance in the second quarter, our first as a public company, where we demonstrated sustained growth and adoption of our platform across a multitude of use cases and with a diverse set of industry-defining partners,”
Among the many achievements, USDC in circulation grew 90% year-over-year to $61.3 billion at quarter end, and has grown an additional 6.4% to $65.2 billion as of August 10, 2025. In addition to that, the total revenue and reserve income grew 53% year-over-year to $658 million.
Furthermore, Allaire mentioned, “Circle’s successful IPO in June marked a pivotal moment—not just for our company, but for the broader adoption of stablecoins and the growth of the new internet financial system. This is an extraordinary moment for our company and industry, and we are seeing accelerating interest in building on stablecoins and partnering with Circle across every significant sector of the financial industry, with major internet companies and commercial engagement all around the world.”
