In brief
Eleven institutions will run validators alongside Circle when Arc's public mainnet opens on September 16.
Total revenue and reserve income reached $701 million, with net income of $48 million against a $482 million loss a year earlier.
Last month, Circle won final approval from the U.S. Office of the Comptroller of the Currency for a national trust bank.
Circle will open the public mainnet of its Arc blockchain on September 16, and named a founding validator cohort drawn almost entirely from traditional finance alongside second-quarter results on Wednesday.BlackRock, DTCC, Galaxy, Global Payments, ICE, Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo Corporation and Visa will secure the network alongside Circle. BlackRock is expected to deploy BUIDL, its tokenized money market fund, on Arc, while DTCC will enable tokenization of assets it custodies, though not until the second half of 2027.
