Circle to Launch In-House Layer-1 Blockchain Arc as Q2 Earnings Reveal 90% USDC Growth

ccn.comОпубліковано о 2025-08-07Востаннє оновлено о 2025-08-12

Key Takeaways

Circle unveiled its EVM-compatible layer-1 blockchain, Arc, built for stablecoin finance.
Arc is designed to streamline stablecoin payments, forex, and enterprise-grade financial applications.
The announcement came alongside Circle’s strong Q2 report, following a blockbuster IPO.

On Tuesday, Circle revealed Arc, its own Ethereum Virtual Machine (EVM)-compatible layer-1 blockchain, aimed at powering the next generation of stablecoin-based financial services.

The launch was announced in tandem with Circle’s Q2 earnings , which showed 90% year-over-year growth and a market cap of $61.3 billion for USDC by quarter’s end, marking the company’s first quarterly report since going public earlier this year.

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Circle Unveils EVM-Compatible L1: Arc

Arc is Circle’s first in-house blockchain — an enterprise-grade L1 platform tailored for stablecoin finance, forex markets, and instant payment applications.

USDC will serve as the native gas token, with the network offering sub-second settlements, opt-in privacy, and an integrated stablecoin FX engine.

Arc is expected to launch later this year and will be fully interoperable with the hundreds of partner blockchains Circle already supports.

Circle says Arc will be deeply integrated into its existing services, providing financial institutions with a purpose-built infrastructure for regulated, high-speed, stablecoin transactions.

Q2 2025: A Breakout Quarter for Circle

The second quarter of 2025 marked a milestone for Circle.

Fresh off its IPO, the company’s stock soared more than ninefolds from its $31 debut to an all-time high of $263, before cooling to $173.

USDC circulation surged 90% year over year to $61.3 billion by the end of Q2, climbing another 6.4% to $65.2 billion by August 10.

Circle’s regulatory positioning remains a key advantage over its biggest rival, Tether.

While Tether has faced Markets in Crypto-Assets Regulation (MICA)-related compliance hurdles in the EU, Circle is fully MiCA-approved and holds multiple U.S. operational licenses.

Revenue and reserve income rose 53% YoY to $658 million, powered by an 86% jump in average USDC circulation.

The company did report a $482 million net loss, tied to $591 million in non-cash charges from its June IPO.

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Zoomex X Space Recap With Didi Hamann and the World Cup Trading Panel

Zoomex hosted the second episode of its World Cup Impact Pledge X Space, featuring Champions League winner Didi Hamann and traders Mario, Crank, and Joseph. Hamann shared football insights, comparing team dynamics to trading. He highlighted that the hardest teams to face are those with "nothing to lose," drawing parallels to undisciplined traders. He stressed consistency, citing his own role: playing the same way whether 3-0 up or down, akin to sticking to a trading plan. The discussion covered the necessity of defensive balance for championships, mirroring risk management in trading where stop losses act as a "last line of defence." Hamann predicted Brazil to win the World Cup, backed by coach Angelotti's man-management, and identified Japan and South Africa as dangerous underdogs. He praised an 18-year-old Moroccan midfielder's exceptional composure. The traders emphasized emotionless discipline, with Crank stating the core choice is between wanting "to be right, or to be rich." Assets were mapped to teams: Bitcoin to Brazil (the benchmark) and Ethereum to France (technically foundational). The session underscored that success in both fields depends on maintaining structure and process under pressure, not on emotional reactions. Zoomex's charity pledge continues, with donations tied to guest predictions.

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Solana Expands Validator Power With Launch of On-Chain Governance

Solana has formally launched its on-chain governance system, empowering token holders and validators with a more open and decentralized way to influence major protocol decisions. Governance debates and voting are now conducted entirely on-chain using the new Solana Governance Proposals (SGP) framework, supported by stake-weighted voting and cryptographic verification. Validators with at least 100,000 SOL in delegated stake can submit an SGP. To proceed to a formal vote, a proposal must first gain support from at least 15% of the network's total staked SOL, ensuring only ideas with significant backing move forward. SGPs serve a distinct purpose from the technical Solana Improvement Documents (SIMDs). While SIMDs focus on *how* to implement protocol upgrades, SGPs determine *whether* the broader ecosystem believes a proposal should proceed, via an on-chain, stake-weighted vote. This separation allows core developers to continue building effectively while reserving community-wide votes for impactful decisions. A key feature grants delegators greater control: they can now override their validator's governance vote. If a validator votes against a delegator's preference or abstains, the delegator can cast a vote directly using their own stake weight through Solana's governance portal. The voting process is secured using Merkle proofs to verify participant stakes against an on-chain consensus snapshot. With this implementation, Solana aims to broaden community participation in governance without hindering development, combining decentralized decision-making with efficient protocol evolution.

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Will JUP’s price hit $0.28 on the back of these THREE catalysts?

Jupiter (JUP) surged over 15% in 24 hours, outperforming the broader crypto market. Three key catalysts drove the rally: 1) The integration of its native stablecoin, JupUSD, into the Jupiter Liquidity Provider (JLP), enabling a major USDC-to-JupUSD transition. 2) Growing discussions about Jupiter developing its own Omnichain Ledger, reflecting its evolution into a comprehensive on-chain finance system. 3) Active buying and supply reduction by the Jupiter Strategic Reserve (Litterbox Trust), which has accumulated millions of JUP tokens, contributing to a decreased total supply. Technically, JUP's price reclaimed a key trendline support level. If it holds above $0.24, a move toward $0.28 is possible, contingent on sustained buying pressure and a confirmed trend shift.

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Trillion-Won Bet on Semiconductors: Is South Korea Really Panicking This Time?

**Summary:** South Korea, traditionally adept at "counter-cyclical" investments during industry downturns, has launched an unprecedented trillion-dollar (approximately 6.4 trillion RMB) semiconductor investment plan during a current AI-driven boom. This shift signals deep strategic anxiety, driven by the rapid rise of China's memory chip challengers. The article traces this dynamic through the history of East Asian semiconductor competition. In the 1980s, Japan used a "national system + industrial capital" model to surpass the US in DRAM, only to be overtaken in the 1990s by South Korea employing the same aggressive, efficiency-focused tactics—most notably massive, loss-tolerant investments during downturns to crush competitors like Japan's Elpida. Now, China's memory giants, Yangtze Memory (YMTC) and ChangXin Memory Technologies (CXMT), are employing a strikingly similar playbook. Starting from near-zero a decade ago, they've used a combination of government-backed capital, strategic technology acquisition (e.g., CXMT leveraging Qimonda's legacy), and innovative architectural leaps (e.g., YMTC's Xtacking) to achieve rapid technological catch-up. Crucially, during the severe industry downturn of 2023, while Korean and US giants cut production, the Chinese firms expanded capacity and competed on price, rapidly gaining global market share (reaching ~11% in NAND and ~7.67% in DRAM by 2025). South Korea's current massive investment, therefore, is a defensive move born of fear. The historical pattern suggests that once a technological gap closes, scale and integrated supply chain advantages—areas where China holds significant potential—can determine the leader. Having used counter-cyclical strategies to become the incumbent, South Korea now faces the prospect of a formidable challenger using those very same tactics. This investment marks not just a bet on the AI cycle, but the opening chapter in a new battle for dominance in the memory industry.

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Dragonfly Partner: OUSD's Arrival, the Fate of the Three Stablecoin Giants Diverges

OUSD's launch introduces complex implications for the stablecoin market, particularly affecting the three major issuers—Circle, Tether, and Paxos—differently. For Circle (CRCL), the immediate market reaction was negative, with its stock dropping significantly upon the announcement. While Circle faces pressure from potential shifts in partnerships (like with Coinbase) and new competition from OUSD, it retains advantages such as a deeply integrated, high-liquidity infrastructure and first-mover status. However, OUSD could become the default choice for many Stripe partners if it achieves sufficient liquidity, potentially eroding USDC's position in certain segments. Circle's lack of an investment-grade credit rating remains a hurdle for large corporate adoption. Tether is largely insulated, as OUSD targets a different market segment; Tether will continue focusing on underserved markets. In contrast, Paxos faces a serious threat, as OUSD undermines the competitive edge of its USDG stablecoin and diminishes its regulatory compliance advantage. This has driven Paxos to pivot toward brokerage and BaaS services. Overall, while OUSD's entry intensifies competition and may alter market dynamics, it is not a death knell for Circle but underscores the need for accelerated innovation and strategic acquisitions to defend its position.

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Circle to Launch In-House Layer-1 Blockchain Arc as Q2 Earnings Reveal 90% USDC Growth

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