Crypto
Circle Unveils Arc Mainnet: A New Era for Stablecoin Infrastructure
Circle has launched its Arc mainnet, a USDC-native Layer 1 blockchain that is being touted as a major opportunity for economic activity worldwide.
The platform has been designed to change the way stablecoins are issued and used, with Circle holding 25% of the ARC token at genesis. This gives it a significant stake in the network's revenue streams, which include transaction fees denominated in USDC.
Arc has gained the backing of several major financial institutions, including BlackRock, DTCC, Visa, Mastercard, and Standard Chartered, making it one of the most institutionally backed genesis cohorts in blockchain history.