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Circle's New Arc Blockchain Set to Revolutionize Stablecoin Payments with USDC as Gas

Circle Internet Group, Inc. (NYSE: CRCL) has officially announced the launch of Arc, a Layer-1 blockchain designed specifically for stablecoin finance.

This innovative blockchain uses USDC as its native gas token, which positions it uniquely within the cryptocurrency landscape.

Arc aims to support a variety of applications, including payments, foreign exchange, and capital markets, thereby facilitating efficient financial processes.

Circle's recent fiscal report showed remarkable growth, with USDC in circulation climbing by 90% year-over-year to $61.3 billion, and $65.2 billion as of August 10, 2025.

Despite a net loss of $482 million attributed primarily to previous IPO expenses, total revenue surged to $658 million, reflecting strong business growth.

CEO Jeremy Allaire emphasized that Arc represents a "defining moment" for Circle as it endeavors to create a comprehensive financial platform.

The EVM-compatible network boasts features like an integrated FX engine and sub-second settlement capabilities, making it attractive for developers and financial institutions.

Planned for public testnet launch this fall, Arc will remain interoperable with other partner blockchains, expanding its utility across the crypto ecosystem.

Circle's initiatives, including partnerships with over 100 institutions, are part of a broader strategy to deepen USDC's integration into global payment systems.

With these developments, Circle is shaping the future of stablecoin adoption and positioning Arc as a vital component of a stablecoin-driven economy.