Arc's Speed Isn't Enough: Stablecoins Need Real-World Infrastructure
Circle's Arc mainnet has gone live, marking a significant milestone for the financial technology company. The new blockchain was built specifically for financial markets, and Jeremy Allaire called it 'the single most significant launch in Circle's history since $USDC itself.'
The major TradFi companies Visa and Mastercard are participating as validators on Arc, settling through cards, bank transfers, and payment networks.
Arc has been integrated into Wirex's stablecoin payments infrastructure, including its new onchain banking product, Wirex One. Wirex holds principal membership with both Visa and Mastercard, allowing it to settle card transactions directly in $USDC and EURC without an intermediary bank.