Circle has announced Arc, a new open Layer-1 blockchain aimed at powering stablecoin payments, foreign exchange, and capital markets. Designed with enterprise-grade infrastructure, Arc is EVM-compatible and uses USDC as its native gas token. The blockchain promises speed, security, and efficient transactions for global finance. Circle plans to launch Arc’s public testnet later this fall, giving developers and businesses a chance to explore its capabilities before a full rollout. This marks a major step in stablecoin-focused blockchain innovation.
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