Arc Blockchain Testnet Launches with Major Institutional Backing

Circle Internet Group Inc. has launched Arc’s public testnet, a significant milestone in integrating blockchain technology with traditional finance. The testnet, supported by major institutions like BlackRock, Visa, AWS, and HSBC, is attracting over 100 financial firms. This launch signals a major shift towards programmable finance, potentially impacting markets like international payments, foreign exchange, and asset tokenization.