Circle has launched the Arc mainnet, a layer-1 blockchain targeting stablecoin payments and financial markets. USDC serves as the native gas token on this EVM-compatible network, which supports over 20 fiat stablecoins and offers interoperability with more than 20 blockchains via Circle’s CCTP protocol. CEO Jeremy Allaire called it the single most significant launch in Circle’s history since USDC itself. Over 100 companies and institutions participated in the test phase, including BlackRock, Goldman Sachs, Mastercard and Visa. Circle completed a genesis mint of 10 billion ARC tokens this week but said this does not represent a commitment to a public token launch.
Source: Read the original article
