• Circle plans to launch a native token for its Arc Network to boost scalability and engagement.
• Arc Network testnet launches with 100+ firms, including major players in finance and insurance.
• Q3 earnings show 66% revenue growth, with USDC circulating $73.7 billion and expanding.

The USDC issuer Circle has announced it plans to launch a native token on its Arc Network. This move comes after the firm reported excellent third-quarter earnings that recorded a high year-over-year (YOY) increase in revenue and net income. The company plans to leverage this token to encourage network membership and acceptance so that stakeholder interests align and the company grows in the long term.

The Arc Network, which launched in August 2025, initially aimed to facilitate stablecoin payments, with USDC serving as the network’s gas token. Nevertheless, Circle is currently planning to swap USDC with a native token to boost the scalability of the network and initiate more engagement. The company reckons that this move will also contribute to the long-term success of the network and its ecosystem.

The network is at the testnet stage, which became operational on October 28. Over 100 firms have already become part of the testnet, with major companies in capital markets, banking, asset management, and insurance joining. 

Circle Expands Financial Presence with Hyperliquid Investment

Circle intends to develop the network at this stage prior to an extensive launch. The success of the testnet will play a critical role in the future of the network, alongside the capacity to match the needs of its users.

Circle has also grown its collaboration with large organizations, such as Brex, Deutsche Borse Group, Finastra, Fireblocks, Hyperliquid, Kraken, Unibanco Itaú, and Visa. Such partnerships will speed up the uptake of the products of Circle.

Moreover, Circle also introduced USDC as a native in Hyperliquid and invested in the native token of Hyperliquid, HYPE. These initiatives are indicative of Circle’s efforts to shore up its presence in the financial space.

Also Read: XRP ETF Launch Nears as Canary Capital Files SEC Form 8-A for Nasdaq Listing

USYC Fund Grows Over 200% to Nearly $1 Billion in Q3

In the case of Q3, Circle registered a total revenue and reserve income of $740 million, which is 66% higher than the prior year. Net income increased to $214 million, an increase of 202% from the previous year. 

Source: Q3 Earning Report

This is a massive recovery of the losses of $482 million it posted in the previous quarter, primarily non-cash expenses, which were incurred on its IPO. Adjusted EBITDA also increased by 78.0% to $166 million.

The tokenized money market fund of the company USYC expanded more than 200% to almost $1 billion on June 30 and November 8. Circle has a payment network operating in eight countries with 29 financial institutions registered. Based on 30-day trailing data, the network had an annualized volume of transactions of $3.4 billion.

USDC in circulation stood at $73.7 billion at the end of Q3, an increase of 108% YoY. USDC has been promoted to the second-largest stablecoin, only after the USDT of Tether. Visa has a new pilot program using USDC, and Circle is expected to gain traction in the next several months.

An additional move toward the establishment of Circle in the stablecoin market is the introduction of a native token on the Arc Network. The robust financials and growing alliances of the company indicate future growth and prosperity of its ecosystem.

Also Read: JPM Coin Powers $1T Shift: JP Morgan’s Superior Bridge Token Launch