Circle Launches Arc Blockchain for Enhanced Stablecoin Payments

Circle, the company behind the popular USDC stablecoin, has announced a new layer-1 blockchain solution named Arc to bolster its position in the global stablecoin market. During their Q2 earnings report, Circle unveiled Arc, a blockchain designed specifically for stablecoin payments and transactions. This innovative technology promises faster, more secure, and enterprise-grade payment solutions, aiming to revolutionize how people transact within the financial realm.