Circle Explores Native Token for Arc Network

Stablecoin issuer Circle has revealed that it is exploring the debut of a native token for its recently launched Arc Network.

In its Q3 2025 earnings report, Circle highlighted its business performance over the past quarter. Recall that the stablecoin issuer launched the Arc testnet in August. Although still in testnet, the stablecoin-focused layer-1 blockchain has garnered attention from over 100 companies and is now exploring the development of a native cryptocurrency.

Arc Explores Native Crypto

Circle launched Arc as a layer-1 blockchain to grow its stablecoin business. Fostering stablecoin finance, the L1 network seeks to help enterprises and developers redefine how they access on-chain lending, capital markets, foreign exchange (FX), and payments services.

After running a private testnet for several months since its debut, Arc announced its public testnet on October 28th. The earnings report disclosed that the 100+ companies building on the public testnet come from various sectors. They include asset issuers, banking, capital markets, digital assets, fintech, payments, and technology. Developers are also actively building on the public testnet.

Although Circle’s earnings report did not reveal many details about the design, economy, or timing of the cryptocurrency, it explained the role the cryptocurrency will play in the Arc ecosystem.

“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,” the report stated.

Currently, Arc uses Circle’s flagship stablecoin, USDC, to cover gas fees. It currently remains uncertain whether the upcoming cryptocurrency will replace the stablecoin as the digital asset for gas fee settlements.

Circle Records $73.7B in Circulation

Circle’s earnings report stated that the USDC stablecoin raked in $73.7 billion in circulation at the end of Q3 2025. This represents a 108% year-on-year (YoY) increase.

It also saw $9.6 trillion in on-chain transaction volume at the quarter-end, which was a 680% surge YoY. These metrics indicates that the stablecoin company has seen a notable surge in the same quarter that the broader crypto market saw a notable surge.

Get Trending Crypto News as It Happens. Follow CoinTab News on X (Twitter) Now