Circle Targets Institutions with Fireblocks-Integrated Arc Blockchain

- Circle unveils Arc blockchain to serve top-tier institutions. - Fireblocks integration ensures custody support from day one. On August 18, 2025, Cointelegraph reported that Circle will launch Arc, a layer-1 blockchain for institutional clients such as banks and asset managers. This new network will debut with a strategic integration with Fireblocks, a leading digital asset platform. From day one, Fireblocks will provide custody and compliance support. Although Arc is not yet operational, Circle plans to initiate a public testnet for the blockchain this fall and anticipates a full launch by the end of the year. The partnership with Fireblocks will allow institutions to transact seamlessly on the network, as this integration will ensure regulatory compliance and expedite adoption. Arc represents Circle’s broader ambition to secure a larger share of the stablecoin market. Currently, its USDC stablecoin holds approximately 25% of the market share, while its main competitor, Tether, dominates with roughly 60%. Therefore, this move is designed to strengthen Circle’s position in the sector and meet the growing institutional demand for stablecoin-based financial solutions, aligning with its efforts to enhance blockchain technology.