Arc Blockchain Launch to Challenge Meme Boom on September 16

Circle's Arc blockchain is set to launch its public mainnet on September 16, sparking questions about its potential for speculative growth.

The network has attracted significant attention from major institutions, including BlackRock, Visa, Mastercard, and DTCC, according to SoSoValue data.

Circle secured $222 million in a May presale at a $3 billion valuation, but Arc's market entry differs from Robinhood Chain's recent meme-driven surge.

Arc will use USDC as its native gas token, targeting transaction completion within 350 milliseconds. Its validator network currently includes 12 institutions, with Circle maintaining significant control over the protocol.