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Crypto

Circle's Arc Mainnet Live With Big Finance Behind It

Guavy AI Editorial Team
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USDC
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Circle's Arc Mainnet has gone live, marking a significant milestone for the company. The public mainnet of Arc is a Layer 1 blockchain designed around stablecoin payments, tokenized financial products and transactions carried out by AI agents.

The platform's founding validators include some of the largest names in finance, including BlackRock, Visa, Mastercard, among others.

Transaction fees will be paid in USDC, with a target base fee of $0.01 per transaction, and the network uses a proof-of-authority consensus model in its permissioned validator set.

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