Circle Launches Arc Blockchain Testnet with Major Financial Partners

Circle has launched a public test network for its blockchain, Arc, featuring over 100 financial institutions including Visa and HSBC. This development marks a significant step towards real-world stablecoin applications in finance. Circle chose USDC as the native gas token, enhancing the blockchain’s transactional capabilities. The testnet is aimed at exploring the potential of stablecoins in diverse financial services, potentially transforming how we conduct global transactions.