“The USDC issuer has announced the launch of its own first ARC network with focus on steiblcoins. This is stated in the financial report for the second quarter of 2025. Blockchain is focused on steiblcoin financial services: payments, currency exchange and capital markets. The network is compatible with EVM, and USDC will be used as a native token to pay for gas. Among others […]”, – WRITE: Businessua.com.ua
The USDC issuer has announced the launch of its own first ARC network with focus on steiblcoins. This is stated in the financial report for the second quarter 2025 the year.
Blockchain is focused on steiblcoin financial services: payments, currency exchange and capital markets. The network is compatible with EVM, and USDC will be used as a native token to pay for gas.
Other features of the ARC include a built -in stablcoin mechanism, transactions finalization in less than a second and confidentiality.
According to CEO Circle Jeremy Aleleera, the ARC launch is a key stage in creating a “full-fledged platform for the Internet Finance”.
The ARC Public Testnet is planned to launch this fall.
Financial indicators The company’s net loss in the second quarter amounted to $ 482 million. This result was influenced by one -time non -cash costs associated with IPO, $ 591 million.
At the same time, Circle’s key operating indicators have increased. The total revenue has increased by 53% in the annual dimension, reaching $ 658 million. Adjusted profit Ebitda increased by 52% to $ 126 million.
The USDC steiblcoin capitalization increased by 90% per year and at the end of the quarter was $ 61.3 billion. As of August 10, the figure reached $ 65.2 billion.
Circle also reported Circle Payments Network (CPN) and new partners with Binance, FIS, FISERV and OKX.
“Successful IPO Circle in June has become a turning point not only for our company, but also for the wider implementation of stiblcoins. We see a growing interest in creating “stable coins” and partnerships with Circle, ”Alleer said.
The report also refers to the signing in the US Genius ACT, which establishes federal rules for payment stiblines. Circle believes that this law will strengthen the company’s position as a regulated issuer.
We will remind, according to Fortune report, Stripe together with the venture cryptocurart Paradigm develops a first -level blockchain called Tempo.
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