Circle sets Sept. 16 launch date for Arc Mainnet as USDC circulation hits $73.3 billion
AI Market Summary
Circle plans to launch Arc Mainnet on Sept. 16 and disclosed partnerships with DTCC and BlackRock, signaling institutional interest in stablecoin-native infrastructure. USDC circulation rose 19% YoY to $73.3B and on-chain volume nearly tripled, while Q2 revenue missed expectations but EPS beat and margin guidance was raised. The news supports a constructive read-through for stablecoin adoption and tokenized-finance rails in crypto markets.
Impact level
● Medium
Affected assets
BTC/USDT+0.09%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Circle reported fiscal Q2 2026 total revenue and reserve income of $701 million, up 7% year over year, missing Street expectations while earnings came in above estimates. USDC in circulation rose 19% from a year earlier to $73.3 billion. The company’s market cap stands at about $15.7 billion, and CRCL shares are down 14% on a yeartodate basis. Circle also said Arc’s public testnet processed more than 150 million transactions in its first 90 days and drew nearly 1.5 million transacting wallets.
