Arc Blockchain Launch Sparks Decline in Circle Stock Price
Circle's stock price plummeted by over 6% following the launch of its Arc blockchain network, which has been in development since October 2025. The network, designed for onchain finance and with full institutional backing from major players like Mastercard and Visa, uses USDC as its gas token.
Despite this milestone, Circle's stock price fell from $86 to $80, marking a decline of almost 14% over the past seven days. This drop comes just a day after Cathie Wood's Ark Invest sold off $14 million worth of Circle stock across two of its exchange-traded funds.
The Arc network boasts 10 billion native ARC tokens and has already seen the launch of several major DeFi apps, including lending platforms Aave and Morpho, as well as decentralized exchanges like Uniswap and Aero.