Big news in digital finance! ๐ Circle has just launched "Arc," a new layer 1 network built specifically for stablecoins and tokenized real-world assets. What makes it stand out? Arc is fully compatible with the Ethereum Virtual Machine (EVM), bringing ultra-fast and secure transactions to the table.
But here's the real game-changer: Arc will use its own stablecoin, USDC, as the native token to pay gas fees. This simplifies the process and eliminates the usual friction in blockchain operations.
Focusing on enterprise-level use cases like global payments and currency exchanges, Arc promises to deliver both security and speed, with transactions settling in less than a second. Imagine the possibilities for digital payments!
Private testing is on the horizon, so stay tunedโthis could be the next big step in blockchain evolution!
What are your thoughts on this exciting advancement?
