电弧区块链：Circle的第1层在4.28亿美元的损失中

Circle揭示了1层区块链ARC，同时导航财务损失。发现对Stablecoin付款和更广泛的加密市场的影响。

Arc Blockchain: Circle's Layer-1 Play Amidst $428 Million Loss

电弧区块链：Circle的第1层在4.28亿美元的损失中

Circle, the issuer of USDC, is making waves with its new Layer-1 blockchain, Arc, designed for stablecoin payments. This move comes as the company navigates a net loss, highlighting the complex landscape of the crypto industry.

USDC的发行人Circle正在使用其新的层1区块链ARC进行波浪，该区块链为Stablecoin付款而设计。此举是因为该公司导航净亏损，突出了加密货币行业的复杂景观。

What is the Arc Blockchain?

什么是弧形区块链？

Arc is an open Layer-1 blockchain developed by Circle, aiming to provide an enterprise-grade foundation for stablecoin payments, FX, and capital markets applications. It's EVM-compatible, with USDC as its native gas token. Key features include an integrated stablecoin FX engine, sub-second settlement finality, and opt-in privacy controls. The public testnet is scheduled to launch this fall.

ARC是由Circle开发的开放层1区块链，旨在为Stablecoin付款，FX和Capital Markets应用程序提供企业级基金会。它与EVM兼容，USDC作为本地气体令牌。关键功能包括集成的Stablecoin FX引擎，次秒结算最终结局和选择加入隐私控件。公共测试网计划于今年秋天推出。

Circle's Q2 Financials: The Good and the Not-So-Good

Circle的第二季度财务：善与恶

While Circle's total revenue and reserve income grew 53% year-over-year to $658 million, the company reported a net loss of $482 million. A significant portion of this loss, $424 million, is attributed to stock-based compensation related to vesting conditions met by their IPO. Despite the losses, USDC circulation has grown significantly, reaching $65.2 billion as of August 10, 2025, a 90% year-over-year increase.

Circle的总收入和储备金同比增长53％，达到6.58亿美元，但该公司报告的净亏损为4.82亿美元。这笔损失的很大一部分，4.24亿美元，归因于与其IPO符合的归属条件有关的基于股票的薪酬。尽管造成了损失，但USDC的发行量仍显着增长，截至2025年8月10日，截至652亿美元，同比增长了90％。

Why a Layer-1 Blockchain?

为什么要使用1层区块链？

Circle's move into the Layer-1 space signals a strategic effort to assert dominance in the stablecoin industry. With Arc, Circle aims to create a dedicated ecosystem for USDC, enhancing its utility and integration across various financial applications. This positions USDC as more than just a stablecoin; it becomes the foundation of a new financial infrastructure.

Circle进入第1层空间的信号表明了在Stablecoin行业中主张优势的战略努力。借助ARC，Circle旨在为USDC创建专门的生态系统，从而增强其在各种财务应用程序中的效用和集成。这使USDC不仅仅是一个稳定的人。它成为新的金融基础设施的基础。

The Competitive Landscape

竞争格局

Arc isn't the only stablecoin-focused blockchain. Projects like Plasma and Stable are also vying for a piece of the action. Even traditional payments companies like Stripe are reportedly exploring stablecoin-focused chains. The competition is heating up, and Circle's Arc blockchain represents a bold move to stay ahead.

ARC并不是唯一以稳定为重点的区块链。等离子体和马stable等项目也正在争夺一部分动作。据报道，甚至像Stripe这样的传统支付公司也正在探索以Stablecoin为中心的连锁店。比赛正在加热，Circle的ARC区块链代表了前进的大胆举措。

A Bullish Sign for CRCL Stock?

看涨CRCL股票的标志？

The announcement of the Arc blockchain and the release of Circle's Q2 earnings have had a positive impact on CRCL stock. The stock price is up over 8% in pre-market trading, indicating investor confidence in Circle's long-term vision. As of recent trading data, the stock trades around $174.

ARC区块链的宣布和Circle第二季度收益的发布对CRCL股票产生了积极影响。股票价格在前市场交易中上涨了8％以上，这表明投资者对Circle的长期愿景的信心。截至最近的交易数据，股票交易约为174美元。

The GENIUS Act: A Regulatory Boost

天才法：调节性提升

The passage of the GENIUS Act, which establishes a federal regulatory framework for payment stablecoins in the U.S., is a significant win for the industry. Circle highlighted this as a validation of its commitment to regulatory compliance, providing a clearer path forward for stablecoin innovation.

《天才法》的通过，该法案在美国建立了一个联邦监管框架，这是该行业的重大胜利。 Circle强调了这一点，以证明其对监管合规性的承诺，为Stablecoin创新提供了更清晰的途径。

Final Thoughts

最后的想法

Circle's Arc blockchain is an ambitious project with the potential to reshape the stablecoin landscape. While the company faces financial headwinds, its strategic investments in technology and regulatory compliance position it for long-term success. It's definitely something to keep an eye on in the ever-evolving world of crypto!

Circle的ARC区块链是一个雄心勃勃的项目，有可能重塑稳定景观。尽管该公司面临金融逆风，但其在技术和监管合规性方面的战略投资为长期成功。在不断发展的加密世界中，这绝对是一个关注的东西！