Circle Unveils Arc Blockchain for Fast Money Movement with $74B Digital Dollar

Circle Internet Group has launched Arc, a Layer 1 blockchain designed for financial markets and real-time money movement. The network is built for speed and efficiency, with sub-second transaction finality and gas fees paid in USDC.

Arc features native integration of Circle's digital dollar, USDC, which has over $74 billion in circulation. The founding validator cohort includes some major players like BlackRock, Mastercard, and Visa, as well as more than 100 institutional and ecosystem participants at launch.

Circle Co-Founder, Chairman, and CEO Jeremy Allaire called Arc the 'single most significant launch' since USDC itself. He noted that the network supports Circle StableFX for cross-currency settlement and includes integration with Circle Payments Network.