Circle’s Arc blockchain network to launch with day one access for institutions via Fireblocks

Circle’s upcoming Arc blockchain volition debut with nonstop organization entree done Fireblocks, positioning the stablecoin issuer for a stronger foothold arsenic contention successful the assemblage accelerates.

New York–based Fireblocks, which provides custody and tokenization infrastructure to much than 2,400 banks, plus managers, and fintech firms, confirmed it volition enactment Arc from launch.

The aboriginal integration marks a departure from the accustomed signifier of adding caller blockchains aft their ecosystems mature. Solana, for example, launched successful 2020 but was not integrated into Fireblocks until precocious 2021.

Circle plans to unfastened Arc’s public testnet this fall, with a afloat motorboat expected earlier the extremity of the year. The steadfast touts Arc arsenic a layer-1 blockchain purpose-built for “stablecoin finance,” offering colony and compliance features tailored for organization participants.

Circle’s expansion

The motorboat follows important milestones for Circle successful 2025. On June 5, the institution raised $1.05 cardinal successful its IPO, the archetypal by a stablecoin issuer. Shares opened astatine $69 and peaked astatine astir $299 successful July earlier settling astir $145 successful mid-August.

In its archetypal quarterly net study arsenic a nationalist company, Circle reported $658 cardinal successful gross for the 2nd quarter, a 53% summation from a twelvemonth earlier. Circulation of its USDC stablecoin roseate 90% successful the aforesaid play to $61.3 billion, climbing supra $65 cardinal successful aboriginal August.

Circle has besides rolled retired the Circle Payments Network to grow its colony infrastructure, portion U.S. regulators precocious clarity connected stablecoins with the transition of the GENIUS Act successful July.

Intensifying competition

The broader stablecoin marketplace has grown to astir $277 billion, up from $254 cardinal astatine the commencement of July. While USDC represents astir a 4th of the fiat-backed market, rival Tether maintains a dominant marketplace share of implicit 60%.

Tether reported $5.7 cardinal successful second-quarter profit, a 277% leap from the erstwhile year, mostly derived from net connected its $127 cardinal successful short-term U.S. Treasurys. The presumption makes it 1 of the largest backstage holders of U.S. authorities debt, surpassing countries specified arsenic South Korea and the UAE.

Arc’s debut with Fireblocks aims to guarantee Circle’s organization partners tin enactment from the outset, reflecting the company’s strategy to fortify USDC’s relation arsenic regulatory clarity and contention reshape the stablecoin landscape.

The station Circle’s Arc blockchain web to motorboat with time 1 entree for institutions via Fireblocks appeared archetypal connected CryptoSlate.