Circle has officially introduced eleven third-party validators for its own first-level Arc blockchain. This specialized network is focused on providing payments with stablecoins and creating the on-chain infrastructure of the financial market. The public launch of the mainnet is scheduled for September 16th, according to a statement from chief executive Jeremy Allaire. The approved list includes major organizations BlackRock, DTCC, Galaxy, Global Payments and ICE. Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo and Visa will also actively support the new network. Circle itself will also be directly involved in the maintenance of nodes in this distributed system. At launch, the developers plan to introduce modern privacy features and specialized programmable finance tools. The platform will receive full support for tokenized real assets and a special Agent Stack technology stack. Large financial institutions are already exploring possible integrations for settlements and provision of custodial services. Market participants are also considering options for using the network for currency transactions and repo transactions. At the same time, the company pointed out the lack of final approval of the blockchain by New York regulators.

The announcement of the validators coincided with the publication of Circle's financial report for the second quarter of this year. Total revenue and revenue from reserves reached seven hundred and one million dollars, an increase of seven percent. This figure was slightly lower than the consensus forecast of analysts, who expected more than seven hundred and thirteen million. However, adjusted earnings per share were eighteen cents versus the expected sixteen cents. Net income from continuing operations reached forty-eight million dollars instead of the projected forty-three. At the end of the reporting quarter, there were 73.3 billion USDC stablecoins in circulation. This volume increased by nineteen percent compared to the same period last year. On-chain-the volume of transactions with this stablecoin increased by one hundred and fifty-one percent. The total amount of online transfers reached an impressive $14.8 trillion over the specified period. Revenue from reserves increased by five percent, amounting to six hundred and sixty-eight million dollars. The increase in the average USDC volume partially offset the decrease in reserve yields to three and a half percent. Adjusted EBITDA increased by eight percent, reaching one hundred and forty-three million dollars. The company also significantly raised its annual forecast for other revenues to three hundred and thirty million.

In the reports, the company separately indicated a noticeable expansion of its own payment network, the Circle Payments Network. The annual transaction volume over the past thirty days reached $14.7 billion by the end of the quarter. This indicator has steadily increased by seventy-six percent compared to the previous reporting period. The number of connected financial institutions increased by twenty-nine percent, reaching one hundred and seventy-five. The company also announced the inclusion of more than nine hundred paid services in the Agent Stack technology stack. The vast majority of agent payments via the x402 protocol are calculated in USDC stablecoins. On August 5, the firm received final approval from the Office of the Comptroller of the Currency. This regulator has authorized the creation of a specialized trust structure, Circle National Trust. The New York State Department of Financial Services has also authorized the opening of a limited purpose trust company. This structure will work exclusively with digital assets in the region. Earlier, the company announced the launch of its own ARC token, raising two hundred and twenty-two million dollars. The network was estimated by investors at three billion dollars based on the results of the closed presale. Analysts of large banks continue to carefully study the impact of new partnerships on the market positions of the stablecoin.