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Crypto

Circle Launches Public Mainnet for Arc Blockchain

Guavy AI Editorial Team
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Circle has launched its public mainnet for Arc, a Layer 1 blockchain that uses USDC as gas and provides deterministic sub-second settlement for financial applications.

Arc supports 22 fiat stablecoins, including USDC, and tokenized funds from launch. Eleven institutional validators have joined Circle initially, including BlackRock, DTCC, Visa, Mastercard, and Standard Chartered globally.

Circle minted ten billion ARC tokens but states that no public token launch has occurred yet. The company previously agreed to sell 807.5 million ARC tokens privately for $242.2 million in proceeds.

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