Circle Launches Arc Blockchain: Stablecoin Finance Redefined

Circle has launched its new Layer-1 blockchain, Arc, ushering in a fresh approach to stablecoin finance. This groundbreaking initiative utilizes USDC as the native gas token and aims to create a compliant and open ecosystem for stablecoin payments and tokenized assets. Arc opens the debate on open versus permissioned chains, potentially influencing market trends with its foundation-led and regulation-friendly design that also leverages Ethereum’s familiar EVM compatibility.