Circle Unveils Arc – A New Blockchain Built for Stablecoins
Circle has introduced Arc, an open Layer-1 blockchain designed to facilitate stablecoin payments, foreign exchange, and capital markets. The EVM-compatible network uses USDC as its native gas token, emphasizing speed, security, and transactional efficiency for global finance.
A public testnet is slated for release this fall, allowing developers and enterprises to evaluate the platform before its full deployment. The MOVE signals a significant advancement in blockchain infrastructure tailored specifically for stablecoin applications.