Circle Plans Native Token For Arc Blockchain As Q3 Profit Surges

The stablecoin issuer considered stablecoin-denominated gas fees on Arc, but has a long-term goal of shifting to distributed governance.

Stablecoin issuer Circle, the company behind the USDC dollar-pegged stablecoin, is planning a native token for its ARC layer-1 blockchain testnet, an enterprise-focused Ethereum Virtual Machine network.

Circle launched the Arc testnet in October, with participation from investment bank Goldman Sachs, asset manager BlackRock, credit card company Visa and over 100 other companies.

The company, which disclosed plans for the new token alongside its earnings on Wednesday, initially planned to center gas fees on the Arc network around USDC (USDC) and other stablecoins.

According to a statement, Circle’s long-term goal is to pivot Arc to a decentralized governance model of geographically distributed validators:

Cointelegraph reached out to Circle but had not received a response at time of publication.

Related: Circle’s Arc attracts South Korea’s first won-backed stablecoin experiment

The company also disclosed its financial results for the third quarter of 2025, reporting revenue of $740 million, a 66% year-over-year increase. Circle reported net income of $214 million in Q3, representing a 202% gain over the period. However, costs also rose, with distribution and transaction costs rising by 74% compared with 2024, totaling $448 million in the last quarter.

Additionally, operating costs rose by 70% in Q3, reaching $211 million, which the company attributed to a 14% increase in its workforce and higher compensation costs for employees.

Circle’s earnings before interest, taxes, depreciation and amortization (EBITDA), a critical metric for publicly-traded stocks, increased by 78% year-over-year, totaling $166 million for the quarter.

Source: CoinTelegraph