Circle Introduces Arc: A USDC-Focused Layer 1 Blockchain

Circle has launched Arc, a new blockchain platform built specifically to facilitate transactions using its native stablecoin, USDC. This innovative initiative positions Circle as a major player in the blockchain infrastructure space. Unlike other networks where stablecoins operate within an existing ecosystem, Arc will leverage USDC as its primary currency throughout its operations. This means all transactions, contracts, and applications will be based on USDC, making it the core exchange medium for the entire platform.