Circle Completes 10 Billion ARC Genesis Minting, No Commitment to Public Offering

Circle launched the Arc public blockchain mainnet on September 16, 2026, with the first batch of 11 founding validators including BlackRock, Visa, Mastercard, and the American Depository and Clearing Company. Arc uses USDC as its native gas token, supporting sub-second finality and optional privacy features, aimed at stablecoin payments, real-world assets, and tokenization markets. BlackRock plans to deploy the BUIDL fund to Arc to support on-chain subscriptions and redemptions. The entire initial supply has been minted in the U.S. this week, but this is merely a technical milestone and does not represent a commitment to a public offering; the company is exploring transitioning the consensus mechanism from proof of authority to proof of stake in 2027.

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