Wu learned that Circle announced the launch of an open Layer-1 Blockchain named Arc, aimed at providing enterprise-level infrastructure for stablecoin payments, forex, and capital market applications. The network is EVM compatible, uses USDC as the native gas token, and integrates a stablecoin forex engine, sub-second settlement finality, and optional privacy control features. Arc is expected to go live on the public Testnet this fall.

ARC-13.5%
USDC-0.03%
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