ME News reports that on September 9 (UTC+8), the stablecoin DEX aggregator Tower Exchange announced on Twitter that it has been selected for the Arc Accelerator Program, following its participation in the Programmable Money Hackathon. The team stated that the project was initiated due to liquidity fragmentation across DEXs on Arc, which increased trading costs, and thus developed this stablecoin aggregator to address the issue. Tower Exchange has already participated in the Demo Day hosted by Encode Club and Arc, presenting its progress to the Arc team. Additionally, according to Arc ecosystem builder dinhdat, due to the high quality of submissions, the number of teams selected for this Arc Accelerator program has been expanded from the originally planned eight to twelve. Besides Tower Exchange, the other selected teams are: YIELD, an autonomous CFO agent for SMEs in Europe; TakumiPay, which enables QR code payments in USDC and integrates with Indonesia’s QRIS merchant network; Attnn., a marketplace for attention trading; XyloNet, a stablecoin exchange and cross-chain platform on Arc; PREDGE, which provides pay-per-use settlement for signed market signals; GridProof by OpenVPP, a machine-to-machine payment protocol for grid and electric vehicle scenarios; Hash PayLink, offering non-custodial USDC payment links and QR code收款; Novi Corpus, providing governed economic identities and capped treasuries for AI agents; Shadow, offering programmable working capital credit to agents; Xiaolee, a creator super-app enabling direct payments to creator wallets via the x402 protocol for marketing campaigns; and Yamata, a unified margin account using Arc as a shared USDC credit layer. (Source: Foresight News)
Stablecoin DEX Aggregator Tower Joins Arc Accelerator Program, Expanding to 12 Teams
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Summary
On-chain news broke on September 9 (UTC+8) as Tower Exchange joined the Arc Accelerator Program. The program expanded from eight to twelve teams, including YIELD, TakumiPay, and Attnn. Tower focuses on stablecoin DEX aggregation to address liquidity fragmentation on Arc. Exchange hack risks remain a key concern for DEX platforms.
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