Companies • August 12, 2025, 7:07AM EDT Quick Take Circle is planning to launch a stablecoin-focused EVM-compatible Layer 1 blockchain called Arc. The news comes as the stablecoin issuer reported its Q2 results, with total revenue up 53% to $658 million. Fresh off the back of its blockbuster $1.2 billion IPO in June, Circle unveiled plans for its own stablecoin-focused Layer 1 blockchain, Arc, on Tuesday, expected to launch on public testnet this fall.The EVM-compatible chain is designed to prov...