#Circle launches its own Layer 1 Blockchain
Arc, the new USDC network, will transform global payments with Gas in Stablecoins
In a monumental strategic move following its successful IPO, Circle has revealed its plans to launch its own layer 1 blockchain, named #ARC . This network, designed to be the backbone of payments with stablecoins, will enter its public testing phase this fall.
Specialized Blockchain: Arc is an Ethereum Virtual Machine (EVM) compatible chain built specifically for stablecoin payments, capital markets, and enterprise-level currency transactions.
USDC as Native Gas: A revolutionary feature of Arc is that it will use Circle's USDC as its native gas token. This eliminates the need for users to purchase and maintain a separate network token to cover transaction fees, greatly simplifying the user experience.
Advanced Integration and Functionality: The chain will offer sub-second settlement, optional privacy, and an integrated stablecoin foreign exchange (FX) engine. Additionally, it will be fully integrated with Circle's platform, maintaining interoperability with other partner blockchains.
Strategic Positioning: Circle, the second-largest stablecoin issuer in the world with $65 billion in USDC, aims with Arc to cement its position as a leader in digital payment infrastructure.
