Circle's Arc Blockchain Set to Launch with Institutional Access Through Fireblocks

Circle's Arc Blockchain: Circle is set to launch its new layer-1 blockchain, Arc, which will integrate with Fireblocks, allowing banks and asset managers immediate access upon launch. A public testnet is expected this fall.

Regulatory Developments: The GENIUS Act has provided clearer regulations for US stablecoins, coinciding with Circle's expansion efforts, including a successful IPO that raised $1.05 billion.

Stablecoin Market Growth: The stablecoin market cap has risen to approximately $277.16 billion, with Circle's USDC holding about 25% of the fiat-backed market, while Tether maintains a dominant 60% share.

Tether's Financial Position: Tether reported significant profits in Q2 2025, largely from Treasury yields, positioning itself as one of the largest non-sovereign holders of US Treasurys, surpassing several countries.