Based on TheCCPress, Circle has launched the public testnet for Arc, a new Layer-1 blockchain designed for stablecoin finance. The network aims to position USDC as the primary gas token and involves over 100 firms, including major financial institutions like Visa and Coinbase. The initiative is led by CEO Jeremy Allaire and is intended to streamline stablecoin transactions and boost institutional adoption.
Circle Launches Arc Testnet, Positions USDC as Native Gas Token
CCPressShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.