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Circle's Arc Mainnet Launches with Over 190 Institutional Builders

Guavy AI Editorial Team
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Circle's Arc mainnet has launched, opening its blockchain to developers and financial institutions. The network uses USD Coin (USDC) for gas and targets payments, tokenized assets, foreign exchange, and settlement.

The launch occurred on September 16, following an 11.4% drop in Circle stock during Tuesday trading. The decline occurred before Arc opened publicly, so the launch did not cause the selloff.

Arc launched with more than 190 institutional and ecosystem builders, supporting Ethereum Virtual Machine applications and using USDC as its native gas asset. The network advertises deterministic sub-second finality for transaction settlement.

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