Circle’s Arc testnet debuts with over 100 global partners and institutions
Crypto Briefing
Circle launched the public testnet for its enterprise-grade Arc Layer-1 blockchain, which uses USDC as its native gas token.Summary
Circle, the stablecoin issuer, has launched the public testnet phase for its Arc blockchain, an enterprise-grade Layer-1 network designed for institutional finance. A key feature of Arc is its use of USDC as the native gas token, facilitating stablecoin-powered financial applications. The testnet aims to provide instant settlements and privacy options, catering to institutions that require fast transaction processing and regulatory compliance. Major financial and technology entities are currently evaluating the blockchain's capabilities before its potential full deployment, as Circle positions Arc as essential infrastructure for stablecoin-native enterprise solutions.
(Source：Crypto Briefing)