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Circle Launches Arc Blockchain with Significant Institutional Backing
Circle has successfully launched its new Layer 1 blockchain, Arc, which went live on September 16, 2026. In its first week, the network has already deployed $649 million in USD Coin (USDC) and $7 million in EURC, demonstrating strong institutional interest. The launch is supported by major financial players including BlackRock, Visa, and Mastercard, highlighting the blockchain's focus on financial markets.
Arc is designed to provide sub-second transaction finality with target fees around $0.01 per transaction. USDC serves as the native gas and settlement asset for the network, ensuring that all transactions utilize Circle's stablecoin. The blockchain has also integrated with decentralized finance (DeFi) platforms such as Aave, Morpho, and Uniswap from its inception, further enhancing its utility in the financial ecosystem.
During the launch, Circle minted 10 billion ARC tokens, which are valued at $3 billion based on a presale that raised $222 million. The tokens will eventually facilitate governance and utility functions within the network, with plans to transition Arc to a proof-of-stake consensus mechanism by 2027. Until then, the network will continue to operate on USDC for its transaction layer.
As of September 14, 2026, the total circulating supply of USDC was approximately $74.22 billion, with Arc's infrastructure enabling cross-chain transfers across more than 30 networks. This positions Arc as a versatile multi-currency settlement layer, capable of supporting over 22 fiat-linked stablecoins. Jeremy Allaire, Circle's CEO, has emphasized that Arc represents a significant milestone in the company's development.
Source: KLEA News