Circle Launches Arc Testnet to Bridge Finance and Onchain Economy
- Circle has launched the public testnet for Arc, a new Layer-1 blockchain.
- Arc is described as an “economic operating system” for the internet.
- More than 100 major institutions and tech firms are participating in Arc’s development.
- Arc aims to bridge traditional finance with the onchain economy using enterprise-grade infrastructure.
- The testnet launch is backed by global industry support, emphasizing interoperability.
Circle has initiated the public testnet of its new blockchain, Arc, which seeks to integrate traditional finance with the onchain economy through robust infrastructure and global interoperability. The project has garnered support from over a hundred prominent institutions and tech companies.
Arc’s launch as an “economic operating system” highlights its potential to transform financial interactions on the internet, supported by significant industry backing. (Source)
