Circle CEO Jeremy Allaire Describes Arc as 'An Economic Operating System for the Internet'

Arc Launch and Features: Circle's CEO Jeremy Allaire announced the launch of Arc's public testnet on October 28, 2025, with a mainnet expected in 2026. Arc is designed for financial workflows, offering dollar-priced fees, sub-second finality, and privacy controls.

USDC Growth in Emerging Markets: Allaire highlighted the increasing use of USDC in emerging markets, particularly in the Middle East, where businesses are adopting digital dollars for efficient cross-border transactions.

Regulatory Developments: Circle is positioning itself to operate in the UAE, leveraging recent U.S. legislation on payment stablecoins to facilitate the integration of stablecoin payments and financial workflows for larger companies.

Ecosystem Collaboration: The Arc initiative involves over 100 companies across various sectors, aiming for a transactional and ecosystem-driven business model that promotes distributed operations and governance rather than a centralized approach.