Circle is about to launch Arc, a high-speed Layer-1 blockchain dedicated to USDC.
@circle plans to launch @arc, an open-source Layer-1 blockchain specifically designed for stablecoin finance. Arc primarily optimizes $USDC for payments, foreign exchange, and capital market applications, using $USDC as the native gas token, supporting sub-second transaction confirmations and optional privacy controls. Arc is EVM compatible and plans to launch a public testnet in the fall of 2025, with a Beta version of the mainnet going live in 2026.
Circle's Q2 financial report shows that the circulation of $USDC has grown to $65.2 billion, with revenue increasing by 53% year-over-year to $658 million. Following the announcement, the stock price rose 6.2% in pre-market trading to $14.
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