Circle Launches Arc Testnet: A New Layer-1 Blockchain Network with Major Financial Backing

Circle, the company behind the USDC stablecoin, has unveiled its public testnet for Arc, a groundbreaking new blockchain network designed to revolutionize global finance. The network’s launch is marked by strong support from over 100 leading financial institutions and payment providers, including prominent banks like BlackRock, HSBC, and Goldman Sachs, as well as tech giants such as Visa, AWS, and Mastercard.