Circle Launches Arc Mainnet with USDC as Native Gas Token

Circle has launched its Arc mainnet, a new blockchain platform that uses USDC as its native gas token. The launch marks an important milestone for Circle's efforts to create a more stable and secure cryptocurrency ecosystem.

The Arc mainnet is designed to be highly scalable and efficient, with the ability to process high transaction volumes quickly and reliably. This makes it well-suited for use cases such as decentralized finance (DeFi) and non-fungible tokens (NFTs).

USDC, a stablecoin pegged to the value of the US dollar, will serve as the native gas token on the Arc mainnet. This means that users will be able to pay for transactions and other services using USDC, rather than having to use more volatile cryptocurrencies like Bitcoin or Ethereum.