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Circle, the issuer of the USDC stablecoin, has reported a strong second quarter of 2025 and announced the launch of Arc — a new layer-1 blockchain built for regulated financial services and real-world asset applications.
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The announcement comes just weeks after Circle’s successful initial public offering in June, marking the company’s first quarter as a publicly traded entity.
CEO Jeremy Allaire said:
“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.
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.”
Arc is designed to cater to institutional-grade use cases, offering fast settlement finality, compliance-focused privacy features, and an integrated foreign exchange system for stablecoin conversions. By using USDC as its gas token, Arc aims to simplify transactions for developers and institutions.
The blockchain will be fully public and permissionless, governed by a dedicated foundation. It will also be optimized for stablecoin payments, tokenized asset operations, and capital markets infrastructure while maintaining Ethereum compatibility.
Circle expects to launch Arc’s testnet in fall 2025, with broader public access to follow.