Circle Launches Revolutionary USDC Refund Protocol on Arc Blockchain

USDC News - Circle, the issuer of the USD Coin (USDC) stablecoin, has introduced a Refund Protocol on its institutionally-focused Arc blockchain. This system enables partial reversibility for USDC payments—marking a first for blockchain transactions—while maintaining Core decentralization principles. The protocol replicates traditional merchant refund processes, requiring mutual agreement between transacting parties and arbitration for disputes. Designed specifically for banks and treasury teams, Arc combines blockchain's speed with compliance-ready features as regulators intensify their scrutiny of stablecoins. This breakthrough addresses a critical industry challenge: the irreversible nature of blockchain transactions that has historically limited institutional adoption. Circle's innovative solution maintains full auditability while introducing controlled flexibility, potentially establishing a new benchmark for enterprise blockchain implementations.