USDC issuer Circle to launch new layer-1 Arc blockchain this year
USDC issuer Circle has introduced its own layer-1 blockchain, Arc, as its stablecoin grew 90% year-over-year in Q2 2025. Circle, a publicly traded US company and the issuer of USDC stablecoin, said it will launch its own layer-1 (L1) blockchain compatible with the Ethereum Virtual Machine (EVM) later this year. The company released its second-quarter…