Circle Launches Arc: A Layer-1 Blockchain For Stablecoin Finance

Circle has unveiled its latest product launch called Arc, a dedicated layer-1 blockchain designed to enhance stablecoin finance, according to the company's pressroom. This innovative infrastructure aims to support the increasing demand for stablecoin transactions and applications, moving Circle's business model further integrated into the broader digital asset ecosystem focusing on improved onchain performance.

Arc facilitates seamless onchain transactions, with USDC at the heart of its native gas settlement and support for similarly released product types, including: CCTP, Gateway and Paymaster. In an increased stablecoin arena, this easily allows developers to create decentralized applications (dApps) that leverage the stability and efficiency of regulated digital currencies by harnessing EURC, USYC, and the Circle Payments Network (CPN).

Among its technical specifications, it also incorporates the Malachite consensus algorithm, is EVM compatible, and targets a holistic utility outlook for the new age of payments, including: payouts, fx settlements and perpetuals, onchain credit, and agentic commerce. Visit it Arc's website to read more information about the methodology in their litepaper.