Circle, the company behind USD Coin (USDC), has released a new blog post detailing the roadmap for its Layer 1 blockchain, Arc, with a strong emphasis on quantum resistance. In the publication, the company underscores that institutions in the crypto sector need to take post-quantum encryption standards seriously, even though quantum technology isn’t yet in mainstream use. Circle warns that the era when quantum computers can compromise public-key cryptography could arrive as soon as 2030, or possibly earlier. Notably, similar warnings have also appeared in a recent blog post from Google, which suggested that Bitcoin may be at risk sooner than many previously believed.
Circle warns industry on quantum risks
Circle emphasized that the underlying risk of quantum attacks has already begun to materialize, despite quantum technology not yet being widely deployed. The company points out that malicious actors could be harvesting encrypted data today, with plans to decrypt it once sufficiently powerful quantum computers become available in the future. According to the company, this looming threat makes long-term cryptographic resilience a necessity for banks, fintech firms, stablecoin issuers, and platforms engaged in asset tokenization.
In a public statement, Circle emphasized, “Circle is taking active measures against these risks. Providing long-term encryption for banks, fintech companies, other stablecoin providers, and global enterprises has become a foundation for today’s infrastructure decisions.”