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Circle, a leading digital currency company, has made a significant announcement by introducing Arc, a lightning-fast Layer-1 blockchain specifically designed for global USDC payments. The innovative technology aims to power the next era of stablecoin payments, promising fast, secure, and large-scale transactions.
In its latest earnings report, Circle revealed the development of Arc, which is intended to accelerate the adoption of USDC as a key component in powering global financial systems. As the second-largest stablecoin by market capitalization, with an issue volume of $65 billion, this move could have significant implications for the broader cryptocurrency and decentralized finance (DeFi) ecosystems.
Arc’s primary focus will be on providing infrastructure for fast, secure, and large-scale stablecoin transactions. This new Layer-1 blockchain is designed to meet the high-performance requirements demanded by financial institutions and global enterprises. The goal is to deliver a seamless experience for users, enabling them to execute USDC transactions instantly, globally, and with full control over their funds.
Furthermore, Arc will be fully EVM-compatible, allowing developers to leverage familiar frameworks and tools while building on this new blockchain. Moreover, the technology will integrate seamlessly with Circle’s existing services, ensuring a consistent user experience across all platforms.
The public testnet deployment is expected to go live in September 2025, providing an early opportunity for participants to test Arc’s capabilities. After the successful test, Circle plans to announce the mainnet launch date.
This move could have significant implications on the global financial landscape, enabling the widespread adoption of stablecoins as a mainstream payment method.
Source: coincentral.com
