Circle post $428M Q2 loss, launch USDC-powered Arc L1
Circle report say dem lose $428 million net for Q2 because one-time IPO expenses, even though revenue and reserve income rise by 53% to $658 million and adjusted EBITDA go up 52% to $126 million. USDC supply reach $61 billion, up 90% yearly, and on-chain transaction volume increase five times to $5.9 trillion. Circle come out with Arc, their own EVM-compatible Arc L1 blockchain wey dey use USDC as native gas token, get sub-second finality and optional privacy controls. Arc public testnet go land for autumn 2025. Arc L1 go compete with existing stablecoin chains like Plasma and Tether-backed platforms, plus Stripe’s upcoming Tempo. Circle’s USDC get 28% share of global stablecoin market. Partnerships with OKX, FIS and USYC integration dey support growth, but lower USDC balances for Binance and Coinbase dey affect margins. The launch of Arc L1 blockchain put Circle for position to deepen institutional stablecoin finance for payments, FX and capital markets.
Bullish
Di unlockin of Arc L1 blockchain wey dey use USDC as native gas token, plus strong Q2 revenue and EBITDA growth, fit boost demand for USDC. Short-term traders fit react well to di big jump for on-chain transaction volume and market share. Long term, wider Arc adoption for payments, FX and capital markets fit make USDC dey used more by institutions. Even though di $428 million net loss show one-time IPO costs, e no affect Circle’s core stablecoin infrastructure potential. Overall, dis factors point to better prospects for USDC.