Circle Unveils Arc: A New Layer-1 Network for Enterprise-Grade Finance

Circle, the company behind USD Coin (USDC), has launched a public testnet for its new blockchain platform, Arc. This ambitious effort aims to revolutionize on-chain finance by merging traditional financial infrastructure with cutting-edge blockchain technology. Arc boasts over 100 institutional partners including major players like BlackRock, Visa, HSBC, Deutsche Bank, and Coinbase, showcasing its potential to reshape the future of finance.