🚨 Circle Unveils Arc: A New Era for Stablecoin Payments and FX

📢 Circle, the issuer behind $USDC , just announced Arc, an open Layer-1 blockchain designed as an enterprise-grade foundation for stablecoin payments, FX, and capital markets applications.

🔑 Key highlights of Circle Arc:

▫️ EVM-compatible with USDC as native gas

▫️ Integrated stablecoin FX engine

▫️ Sub-second settlement finality

▫️ Opt-in privacy controls

▫️ Full integration across Circle’s platform & partner blockchains

▫️ Public testnet launching this fall

📊 This major milestone comes on the heels of Circle’s successful IPO in June, raising $1.2 billion, and a strong Q2 earnings report. The company also celebrated regulatory progress with the passage of the GENIUS Act, underscoring its commitment to compliance.

🌐 Plus, the Circle Payments Network (CPN) is already powering four active payment corridors with over 100 financial institutions in the pipeline for H2 growth. Their new Circle Gateway enables unified USDC balances for seamless, instant cross-chain liquidity.

#Circle #USDC #Stablecoins #Blockchain #Fintech

https://coingape.com/usdc-issuer-circle-launches-arc-blockchain-for-stablecoin-payments/?utm_source=bnb&utm_medium=coingape