Circle Unveils Arc Blockchain with Lightning-Fast Transactions
Circle Internet Group has launched its Arc blockchain, designed specifically for stablecoin transactions, cross-border settlements, and tokenized real-world assets. The Arc blockchain processes transactions in less than half a second, significantly faster than traditional SWIFT transfers.
The launch of Arc allows Circle to regain support from over 140 companies that previously backed the new stablecoin Open USD. This is a significant advantage for Circle as it positions itself to transition from a stablecoin issuer to an infrastructure provider.
Circle's Arc blockchain has attracted major financial backers, including BlackRock, Visa, and Mastercard. These partnerships may lead to future fee-based opportunities, shifting Circle's business model towards infrastructure services.