Circle Internet Group unveiled Arc, an L1 blockchain designed for payments and financial apps. The testnet launch is scheduled for fall 2025.
Circle Internet Group, the issuer of the USDC stablecoin, reported its Q2 2025 results and announced plans to launch its own blockchain infrastructure, Arc, developed for scalable and regulated financial services.
The blockchain will offer high throughput and low fees. Circle positions Arc as a key component of its future financial ecosystem. The new blockchain will be optimized for stablecoin operations, using USDC as its native token. Arc will be fully integrated into Circle’s infrastructure and services while maintaining compatibility with dozens of other supported blockchains. The testnet is scheduled for fall, with a full release expected by the end of the year.
At the same time, Circle reported its first financial results post-IPO, including:
- revenue grew 53% year-over-year to $658.1 million;
- USDC circulation reached $61.3 billion in Q2 2025 and increased to $65.2 billion by August 10;
- net loss was $482 million;
- Circle shares rose 7–8% in pre-market and intraday trading but dropped nearly 6% after the announcement of up to 10 million shares being issued;
- the IPO cost totaled $591 million, including $424 million in stock compensation and $167 million for revaluation of convertible securities;
- adjusted EBITDA increased 52% to $126 million.
The company also highlighted the launch of the Circle Payments Network and expanded partnerships with Binance, Fiserv, Matera, Corpay, and other market participants.
Last month, Circle filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
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