Circle is set to launch Arc, an EVM-compatible Layer 1 blockchain that will use its USDC stablecoin as the native gas token. The announcement follows a strong Q2 performance, with revenue up 53% to $658 million, despite a net loss attributed to IPO-related charges.

Circle is set to launch Gateway, a cross-chain liquidity solution that allows users to access USDC tokens in real-time across multiple blockchain networks. The platform aims to streamline the user experience by providing a unified USDC balance, eliminating the need for traditional cross-chain bridging methods. Gateway will initially be available on Avalanche, Base, and Ethereum testnets in July.