Circle Launches Arc Blockchain with Major Financial Institutions
- Arc’s founding validators include BlackRock, Mastercard, and Visa.
- Over 100 institutions, including BNY and HSBC, are exploring or using the network.
- Trading venues on Arc feature Uniswap and Aerodrome, with lending markets from Aave and Morpho.
- Transaction fees on Arc are paid in USDC, ensuring stability over a volatile native token.
- Circle is integrating its Payments Network for cross-currency settlement through StableFX.
Arc aims to reduce friction for traditional financial institutions by providing configurable privacy options while allowing access for auditors and regulators. The blockchain supports various asset types including funds, equities, commodities, and currencies through Circle’s interoperability infrastructure.
With major players like BlackRock involved, the launch of Arc represents a significant step towards mainstream adoption of blockchain technology in finance. The network’s unique approach allows transaction fees to be stable with USDC rather than relying on a volatile token.(Source)
