📌 Web3Caff Research: Report Preview — “Arc: The Native Settlement Layer for Stablecoins” — Can Circle’s Proprietary Chain Reshape the Institutional Payment Infrastructure Landscape Amid Global Regulation? 🧩 As stablecoins increasingly take on roles in cross-border payments, institutional clearing, and the transfer of tokenized assets, industry competition is shifting from stablecoin issuance toward underlying settlement infrastructure and financial workflow entry points. Circle’s Arc aims to penetrate institutional settlement scenarios, strategically focusing on compliance, settlement efficiency, and on-chain financial integration. However, it still faces multifaceted challenges, including regulatory coordination, ecosystem migration, multi-chain competition, and centralization concerns. Web3Caff Research’s full report will be released this Wednesday, offering a comprehensive breakdown of Arc’s strategic motivations, product pillars, competitive landscape, potential endgame scenarios, and risk map.