Circle Introduces Arc as the Economic Operating System for the Internet
Launch of Arc: Circle Internet Group, Inc. has launched Arc, a Layer-1 blockchain network described as "an economic OS for the internet," aimed at integrating financial activities and involving over 100 global companies.
Impact on USDC: The launch of Arc may significantly influence the stablecoin USDC, which is central to its infrastructure, and could lead to increased scrutiny from financial regulators while fostering blockchain collaborations.
Developer Engagement: Similar to past Layer-1 launches like Ethereum and Solana, Arc is expected to attract developer interest and increase on-chain liquidity, setting the stage for significant geographic deployment.
CEO's Vision: CEO Jeremy Allaire emphasized that Arc is designed to bring financial and economic activity natively online, marking a pivotal move in blockchain integration for various sectors.
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