Company Circle, USDC, announced its first level network connection Arc to the institutional platform fireblocksproviding custodial services and compliance.

Circle’s @Arc has landed on the Fireblocks Network 🔥

Where stablecoins and the global financial system move as one 🌎

Fireblocks expands its platform to support one of the most innovative chains for powering stablecoin finance — from secure custody and compliance to moving…
— Fireblocks (@FireblocksHQ) August 14, 2025

Fireblocks provides services more than 2400 asset managers and fintech companies, which will allow ARC institutional users to work with the network from the very start. ARC blockchain is focused on financial applications using stable coins — payments, currency transactions and capital markets. The public test network is scheduled for autumn, and the full launch will take place by the end of the year.

Early integration caused discussions in X. For comparison, blockchain Solana It was added to Fireblocks only almost two years after the start. Thus, platform clients will access ARC immediately.

Buying a Malachite engine

On August 18, Circle purchased from informal systems consensus engine Malachite, which will become the core of the ARC network. The deal includes technologies, intellectual property rights and the transfer of nine company employees to Circle. Financial conditions are not disclosed.

Malachite built on an algorithm Tendermint And it was created as a safe and flexible solution for decentralized systems with a focus on performance. The engine will remain an open project with a license Apache 2.0which will allow developers to freely use and improve the technology. Informal Systems will continue to work on other projects, including crosschain infrastructure tools.

Impact of Genius ACT on ARC Launch

ARC launches against the background of clarification of regulatory rules for stablecoins in the US after adoption Genius Act, which establishes the requirements for reserves and annual audits for issuers with a capitalization of over $50 billion. The Ministry of Finance is collecting proposals for the use of API, AI, digital identification and blockchain to monitor suspicious transactions.

Today, Treasury issued a Request for Comment required by the GENIUS Act, which furthers the Administration’s policy of supporting the responsible growth and use of digital assets, as outlined in President Trump’s Executive Order on “Strengthening American Leadership in Digital…
— Treasury Department (@USTreasury) August 18, 2025

Minister of Finance Scott Bessent He noted that stablecoins will help billions of people access the dollar and increase the demand for US Treasury bonds. After analyzing the proposals, the agency will transfer the results to the committees of the Senate and the House of Representatives, which may lead to new rules. Public offers are accepted up to October 17th.

Implementing the GENIUS Act is essential to securing American leadership in digital assets.

Stablecoins will expand dollar access for billions across the globe and lead to a surge in demand for U.S. Treasuries, which back stablecoins.

It’s a win-win-win for everyone involved:… https://t.co/p5nRQpBfnw
— Treasury Secretary Scott Bessent (@SecScottBessent) August 18, 2025

Some banking associations expressed concern about the law, considering that the interest payments to holders of stablecoins are too soft. Expert TD Cowen Jareth Zaiberg He warned that this could lead to a significant outflow of funds from bank deposits in stablecoins, like the 2008 crisis with monetary funds.