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Browsing: Circles
A complete guide to Arc, Circle’s stablecoin-native Layer 1 blockchain, covering its architecture, USDC gas model, ecosystem, use cases and competition. ByGeorge Georgiev
Circle’s CRCL$82.66·Market Closed Arc blockchain went live Wednesday with BlackRock, Visa, Mastercard and DTCC among 11 founding validators, and CEO Jeremy Allaire calling it the most significant launch in the company’s history since $USDC itself.
Add preferred source Circle’s new Layer 1 blockchain, Arc, went live on mainnet on September 16, and the company’s Head of Product, Nikhil Chandhok, is making one thing clear: this is not a play to steal Ethereum’s market share. In an interview on the Bankless podcast, Chandhok framed Arc as an “economic OS” designed to…