Circle Unveils Arc Mainnet Amid Senate Blockage of CLARITY Act
Circle launched its Arc mainnet on Wednesday, just a day after the Senate blocked the CLARITY Act.
Arc is an open Layer 1 blockchain that Circle describes as 'the single most significant launch in Circle's history since USD Coin (USDC) itself.'
The network has founding validators including BlackRock, DTCC, ICE, Visa, and Mastercard, with no crypto-native firms among them.
Circle CEO Jeremy Allaire said the industry progress 'isn't stopping' regardless of the vote's outcome.