Circle Unveils Arc Blockchain as Q2 Revenue Surges 53%

Circle Unveils Arc Blockchain as Q2 Revenue Surges 53%

Circle, the publicly listed issuer of the USD Coin (USDC) stablecoin, announced plans to debut its Arc layer-1 (L1) blockchain later this year. The network will be fully compatible with the Ethereum Virtual Machine (EVM) and designed as an “enterprise-grade foundation” for stablecoin payments, foreign exchange, and capital markets infrastructure. Arc is set to launch first in public testnet, with USDC serving as the native gas token, allowing...

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