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Circle names major firms among Arc validators as Q2 revenue rises

Circle reported Q2 revenue of $701.0 million and said USDC circulation reached $73.3 billion.

Reported · Written up by our desk · Stablecoins

Circle said it has added well known financial and technology firms to its Arc validator network, naming BlackRock, Visa and DTCC among the participants.

According to The Block, Circle listed a total of nine validators, including those firms and eight others, as part of the Arc validator lineup.

The Block also reported that Circle generated $701.0 million in revenue in the second quarter, alongside USDC circulation of $73.3 billion.

Circle’s disclosures tie the Arc validator expansion to its broader stablecoin business performance, with revenue and USDC usage both highlighted for the quarter.

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