Circle, the company behind the stablecoin USDC, is accelerating its transformation. After unveiling its in-house blockchain, Arc Network, the American company is now exploring the launch of a native token. This strategic shift could redefine its economic model and strengthen its dominance in the stablecoin market.
Arc Network: The Blockchain for Stablecoins
Arc Network is a Layer 1 optimized for stablecoin payments, capable of validating transactions in less than a second, with the ability to allow network fees to be paid directly in stablecoins. In other words: there’s no need for another token to interact with the network.
Already open in public testnet, Arc Network is attracting over a hundred institutional actors, banks, fintechs, and large technology companies, who are testing instant settlement and on-chain privacy solutions. Circle positions Arc as a future standard for stable and rapid transactions on a global scale.
But the project goes further. In its third-quarter financial report, Circle mentions for the first time the possibility of an “Arc token”, intended to promote governance and long-term engagement of network participants. A discreet announcement that is already attracting airdrop farmers…
A Record Quarter for Circle
Financially, Circle displays outstanding health. In the third quarter, the company recorded $214 million in net profits, a spectacular increase of +202% year-over-year. Its total revenue, including reserve revenues, reached $740 million, more than double the previous period.
The earnings per share (EPS) climb to $0.64, surpassing market expectations that were only at $0.22. Even its Ebitda, a key operational profitability indicator, jumps 78% to $166 million.
These numbers confirm one thing: the USDC remains a pillar of the stablecoin market, and Circle now derives profitability from it that few crypto companies can claim.
Towards a New Model of Financial Infrastructure
By combining record results and the development of a public blockchain, Circle is sending a clear message: it aims to become the benchmark infrastructure for global digital payments. Introducing a native token would further strengthen this ambition by aligning the interests of its institutional partners with those of the Arc network, as many crypto investors still struggle to expose themselves to the success of giants like Tether.
While the stablecoin market consolidates, Circle is no longer content with following the trend. It is building the future in which it intends to reign.
