Circle Internet Group (NYSE: CRCL) has unveiled the initial group of validators set to secure its Arc blockchain, marking a key step toward the network's public mainnet launch scheduled for September 16, 2026.
Circle generated $701 million in revenue in the second quarter of 2026. This annual growth of 7% is mainly based on the expansion of USDC.
Circle recruited a validator set almost entirely from traditional finance for Arc's Sept. 16 mainnet launch, landing the news alongside a quarter in which its core business barely grew.
Circle is set to publicly debut its Arc chain next month.
Circle renewed its Coinbase USDC deal for three years and ruled out quarterly dividends as it redirects capital toward growth and partnerships.
Circle reported stronger second-quarter earnings as USDC circulation and transaction activity expanded. The stablecoin issuer also set a September launch date for Arc, its institutional blockchain network. USDC Volume Jumps 151% to $14.
Circle's strategic partnerships and regulatory advancements position it as a pivotal player in institutional crypto, despite margin pressures. Circle posts $701M in Q2 revenue as BlackRock, Visa join Arc validator set ahead of mainnet launch.
Circle has named Visa, Mastercard, and BlackRock among the founding validator cohort for Arc, its upcoming blockchain, ahead of a September 16 mainnet launch. The selection of three of the most recognizable names in global payments and asset management makes the Circle Arc validators announcement a marker of institutional ambition.
USDC activity surged during Circle's second quarter, but falling reserve returns limited revenue growth and overshadowed its return to profit.
Circle's USDC distribution deal with Coinbase has been renewed on existing terms, and Arc's testnet has processed half a billion transactions.
Circle reported $701 million in revenue for the second quarter of 2026, falling short of Wall Street's estimate of $712 million. Net income from continuing operations reached $48 million, beating analyst expectations and marking a $530 million year-over-year increase.
Circle reported higher revenue and returned to quarterly profitability as USDC circulation expanded, while the stablecoin issuer positioned its upcoming Arc blockchain as infrastructure for institutional payments and tokenized financial assets.