- Circle launches new Arc blockchain for stablecoin payments.
- Expands enterprise-grade financial solutions.
- USDC gains pivotal role as gas token.
Circle, the issuer of USDC, is set to launch its Arc blockchain in 2025, tailored for enterprise-grade stablecoin payments and capital markets, integrating with major financial networks.
Arc’s EVM compatibility positions it to enhance cross-border FX efficiency, aiming to boost USDC’s utility and influence within the global digital finance landscape.
Circle, issuer of USDC, announced the future launch of its EVM-compatible Layer-1 blockchain, Arc. Designed for stablecoin payments and cross-border FX, the testnet will roll out between September and December 2025.
The main developer, Circle, led by CEO Jeremy Allaire, focuses on enterprise-grade stablecoin finance. The initiative aims to integrate capital markets and traditional finance solutions.
Arc is set to impact financial institutions and markets, offering a robust foundation for blockchain-based payments. USDC will serve as the blockchain’s official gas token. Jeremy Allaire, Co-founder & CEO of Circle, stated, “Arc will be fully integrated across Circle’s platform and services, which will also remain fully available and interoperable with the dozens of other partner blockchains that Circle supports.”
Circle’s recent $1.2 billion IPO funds Arc’s development. With earnings rising 53% year-over-year and USDC circulation up 90%, financial indicators show growth potential. Read more on the latest update from The Crypto Basic on Twitter.
Arc draws parallels with platforms like Binance Chain, which enhanced BNB demand. Similar growth is anticipated for USDC.
Technologically, Arc could define new regulated finance norms. Historical parallels with Tether and Binance showcase potential competitive effects on existing protocols.
