Circle Launches Arc Testnet: Open Layer-1 Blockchain Partners with Major Financial Institutions

Circle has released a public testnet for Arc, its innovative open layer-1 blockchain designed to bridge the gap between traditional finance and decentralized applications. This project aims to provide a unified financial infrastructure that caters to both institutional investors and DeFi projects alike. Over 100 leading financial and fintech firms have joined in on this ambitious venture. Arc’s initial testnet phase features participation from companies like BlackRock, Goldman Sachs, Visa, Mastercard, and Nuvei, signaling strong industry support for the project.