Circle Reports On Q3 Revenue, Hints At Arc Token

The company also mentions the adoption of its new Layer 1 blockchain Arc, which debuted a few weeks ago and recently went live on its public testnet. Major partners and ecosystem supporters have already started to develop on Arc, with over 100 companies participating and network updates like the AI Chatbot and MCP server in full swing.

The filing also contains details on a possibility of Arc having its own token:

Native token on Arc: Circle is exploring the possibility of launching a native token on the Arc network which could foster network participation to drive adoption, further align the interests of Arc stakeholders and support the long-term growth and success of the Arc network.

Other areas like its global payments network CPN and the tokenized money market fund USYC saw similar rises in client interest, with $3.4B and $1B volumes counted respectively, an indication of both U.S. and international broader institutional/enterprise demand.

Despite this, CRCL share price continues its downtrend for the last several months since the IPO top, now sitting at $90.17 at the time of writing per TradingView.