Circle arch to launch with the integration of fireblocks as the Stablecoin breed intensifies
Circle’s new layer-1 blockchain arc will be included in fireblocks, a digital digital precautionary New York and tokenization platform that serves more than 2,400 banks, asset and fintech managers. The ARC has not yet lived, but the Circle plans to roll a public testnet this fall earlier in a full launch by the end of the year.
Fireblocks said it prepares for support and compliance support so that clients can transact the ARC once the network is launched. Its platform supports more than 120 blockchains and facilitates retiring for institutions throughout the global market.
The unusual early inclusion was drawn some criticism of X. Solana, for example, which was launched in 2020, but was not added to the fireblocks until late 2021, after the ecosystem reached the critical mass. The ARC will instead dedicate the integration of fireblocks, which provides banks and asset managers “a” access day.
Related: Stablecoins is about to have their ‘iPhone Moment,’ Circle CEO
Moving along with US Stablecoin regulations
While US regulators advanced to clarity around Stablecoins along with the Genius Act signed on July 18, the circle expanded its footprint.
On June 5, the Circle raised $ 1.05 billion The first IPO by an exit of Stablecoin. Shares have been opened to $ 69, up as high as $ 103.75, and closed to $ 83.23 – a benefit of 168% from the IPO price. Stock reached a high $ 298.99 on July 23, and current trade around $ 145.
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The company’s first income report since the public was released on Tuesday, reporting $ 658 million in Q2 income, a 53% year-to-year increase. It said the USDC circulation grew 90% at the same time, reaching $ 61.3 billion on June 30 and up to $ 65 billion in early August.
On the same day, Circle moved to expand its payment infrastructure in the launch of the circle payment network, and announced the arch – describing it as A Layer 1 chain-built chain for “stablecoin finance.”
While the Circle preceded the curve with its IPO, the announcement of the arch arrived amid a wider wave of new blockchain launching, including Stripe Developing a tempo with paradiggo and robinhood rolling a Tokenization dedicated to L2 In June.
Related: USDC Stablecoin launches on XRP Ledger
Stablecoin rivals drive market growth
The Stablecoin Market Cap now stands at about $ 277.16 billion, from $ 253.87 billion on July 1, according to data from Delete. While USDC’s accounts of the Circle for nearly a quarter of the Fiat-backed Stablecoin market, Tether continues to dominate worldwide with nearly 60% market sharing.
Tether reported $ 4.9 billion income in Q2 2025, a 277% increase compared to the same period a year before. Most of that income comes from Treasury’s produce, with the company $ 127 billion short -term US debt generates a steady income.
Tether has become one of the largest non -holders of the US Treasurys, who has exceeded countries such as South Korea and the UAE, an unprecedented position for a private company.
Magazine: Bitcoin vs Stablecoins Showdown Looms while the Genius Act is near
