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.

Note: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers are reminded to carefully conduct their own due diligence at all times.

This article has been partly researched and aggregated with the help of AI and does not pertain to be an exclusive story. For specific media and public information referenced, please locate it below.

Source(s): https://www.circle.com/blog/introducing-arc-an-open-layer-1-blockchain-purpose-built-for-stablecoin-finance

https://arcnetwork.xyz/