Circle Unveil Arc: USDC-Powered EVM Layer1 Blockchain
Circle don launch Arc, one enterprise-grade, EVM-compatible Layer1 blockchain wey dem power with USD Coin (USDC) and e optimize for stablecoin mata mata. Arc dey use USDC as im native gas token, come get built-in FX engine, optional transaction privacy, plus sub-second settlement. The Arc whitepaper dey target 3,000 TPS and less than 350ms finality with 20 validators, dem fit get higher throughput if dem change setup. Public testnet dey planned for fall 2025, mainnet beta go follow for 2026, and Arc go connect well well with Circle existing infrastructure, dem go still make am work with partner chains to support enterprise payments, foreign-exchange, and capital markets use cases. This announcement come after Circle do $1.2B IPO and Q2 results, where USDC circulation hit $65.2B, total revenue grow 53% to $658M, plus adjusted EBITDA rise 52% to $126M despite $482M net loss.
Neutral
As dem launch Arc, e go make USDC better for use on top blockchain because e go be gas token wey dey inside new enterprise-grade blockchain. But USD Coin still be pegged stablecoin wey no get much price change. Traders fit see say transaction volume and usage go increase, but USDC price go likely remain steady around im $1 peg, so e no go too change for market price.