Circle, an American company that publicly traded and a USDC Stablecoin source, said it will launch Blockchain Layer-1 (L1) compatible with Ethereum Virtual Machine (EVM) later this year.
Company Absolute Its results in the second quarter on Tuesday and announced the introduction of ARC, a new network aimed at providing a “institution of institutions category” for Stablecoin payments, foreign exchange applications and capital markets.
It is expected to be launched in General Testnet, it will include Circle’s Arc USDC (USDC) as an original gas code, allowing users to pay transaction fees with Stablecoin.
In addition to the launch of ARC, Circle revealed an increase of an annual basis on the total revenue and the reserve income in the second quarter, reaching $ 658 million.
The full platform of the online financial system
According to Circle, the upcoming Arc Blockchain is “specially designed to finance from Stablecoin”, which represents a major milestone in the company’s mission to provide “a full platform for the financial system of the Internet.”
In addition to the USDC display as an original gas, ARC will provide an integrated StableCoin foreign exchange engine, the end of a second settlement and privacy controls, adding: adding:
“The ARC will be fully combined through Circle platform and services, which will also remain fully available and operating with dozens of other partner partners supported by support.”
At the time of writing this report, USDC had a market value of $ 65.6 billion, with Stablecoin operating on a total of 24 networks.
ETHEREUM is now the largest USDC network, with a total USDC supply on the network of $ 42.6 billion, According to For data circuit.
This is a developing story, and more information will be added when available.
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2025-08-12 11:24:00
