Circle, issuer of USDC, the world’s second-largest stablecoin by market cap, announced on August 5 that the launch of its Arc blockchain network is scheduled for September 16. Major financial giants have joined the project as founding validators, including BlackRock, SBI Group, Visa, Mastercard, Standard Chartered, MoneyGram, ICE, Galaxy, Global Payments, Sumitomo Corporation and DTCC. Arc currently operates on a private mainnet with over 100 institutional partners testing the infrastructure. BlackRock has stated its intention to deploy its BUIDL (USD Institutional Digital Liquidity Fund) on this network.
Source: Read the original article
