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Circle has launched Arc, a USDC-optimized layer-1 blockchain mainnet, The Block reported. Arc uses USDC for gas fees and supports sub-second transaction finality and EVM compatibility.
More than 100 applications, including Aave, Morpho and Uniswap, joined the Arc ecosystem alongside the mainnet launch, according to the report. Circle said 11 institutions, including BlackRock, the Depository Trust & Clearing Corporation, Intercontinental Exchange, Mastercard and Visa, plan to join gradually as validators. Circle also said it initially issued 10 billion ARC this week, but has not yet decided on a public launch of the token.