BitGo Supports Arc Blockchain for Stablecoin-Based Applications

BitGo Holdings has integrated its wallet and custody infrastructure with Arc, a Layer-1 blockchain designed for stablecoin-based financial applications. This allows eligible BitGo clients to deposit and withdraw assets on Arc through various wallet configurations.

The integration includes support for native USDC movements and transfers, as well as auto-consolidation and bulk withdrawals. BitGo's Gas Tank covers gas costs generated during auto-consolidation.

Arc uses USDC as gas and offers dollar-denominated transaction fees, sub-second finality, and EVM compatibility. The blockchain supports stablecoin-based payments, treasury management, tokenized assets, and other financial workflows.

BitGo's CEO, Mike Belshe, commented on the integration: 'Arc's stablecoin-native design aims to address practical considerations for payments and treasury teams, including fee predictability and settlement speed.'