Circle Introduces Arc, an L1 Blockchain for Stablecoin Finance

Circle Internet Group, Inc. (NYSE: CRCL), the issuer of the USDC stablecoin, announced the launch of Arc, an open Layer-1 blockchain designed specifically for stablecoin finance. This initiative marks a significant milestone in Circle’s mission to build a platform for the internet financial system, addressing the demand for efficient, scalable, and compliant blockchain infrastructure. Arc promises to transform how businesses and developers leverage stablecoins for payments, foreign exchange (FX), and capital markets applications, positioning itself