Circle has not launched or piloted minting of an ARC stablecoin on Solana in Q4 2026. ARC serves as the native token of Circle's Arc Layer-1 blockchain, which reached public mainnet on September 16, 2026, and uses USDC exclusively for transaction fees.
Arc Mainnet Details and Token Allocation
Arc mainnet went live with more than 100 institutional participants and ecosystem builders on day one. Founding validators include BlackRock, Visa, Mastercard, and BNY Mellon. The network delivers sub-second deterministic finality and targets institutional finance, tokenized assets, and payments use cases.
Circle completed a genesis mint of 10 billion ARC tokens at launch. Approximately 25 percent went to Circle and 60 percent supports ecosystem initiatives. The token is intended for future security and governance roles once the chain transitions to proof-of-stake in 2027. A presale raised roughly $222 million at a $3 billion fully diluted valuation. Network fees continue to settle in USDC.
Cross-chain tools such as Circle's Cross-Chain Transfer Protocol already support movement of USDC between Solana and Arc. No plans have been disclosed to treat ARC itself as a stablecoin or to enable direct ARC minting on Solana.
USDC Supply and Minting Trends on Solana
Solana remains Circle's second-largest chain by USDC supply, holding between $10 billion and $12 billion in mid-2026. That amount represented 20 to 25 percent of total USDC circulation at the time. Multiple $250 million mints occurred in October and November 2026, including a single $1 billion issuance completed in roughly ten minutes on November 2.
Circle reported third-quarter 2026 results on November 4. Average USDC circulation reached $73.3 billion, up 8 percent year over year. On-chain volume totaled $13.9 trillion, a 49 percent increase. Revenue from reserve income and other sources hit $865 million, aided by $182 million in ARC presale proceeds. Adjusted EBITDA rose 85 percent to $317 million.
These figures reflect continued demand for USDC settlement on high-throughput chains. Solana's low fees and established DeFi and payments ecosystem keep it a primary venue, separate from Arc's institutional focus. Future growth is expected through expanded multi-chain issuance and the 2027 PoS upgrade on Arc.
Frequently asked questions
Is ARC a stablecoin that can be minted on Solana?
No. ARC is the native token of Circle's Arc Layer-1 blockchain and is not a stablecoin. Fees on Arc are paid in USDC, and no ARC minting pilot on Solana has been announced.
How much USDC is currently on Solana?
Solana held between $10 billion and $12 billion in USDC supply in mid-2026, accounting for 20 to 25 percent of total USDC. Multiple large mints occurred through October and November 2026.
What was Circle's Q3 2026 revenue?
Circle reported $865 million in revenue and reserve income for the third quarter of 2026, including $182 million from the ARC presale. Adjusted EBITDA reached $317 million.
When will Arc transition to proof-of-stake?
Circle targets a proof-of-stake transition for Arc in 2027. ARC tokens allocated at genesis are intended to support security and governance after that change.
By YasTech Editorial
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