Circle Launches Arc: A New Blockchain Platform Powered by USDC

Circle, the issuer of USD Coin (USDC), is launching a new blockchain platform called Arc to streamline global payments. This platform will leverage USDC as its transaction fee currency, aiming for faster transactions and predictable costs for businesses. Arc’s features include instant finality, integrated stablecoin FX capabilities, and optional privacy settings. The announcement came alongside Circle’s Q2 financial results, showing a significant revenue surge and an IPO-related net loss.

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