Payments firm Circle plans to introduce ARC, a proprietary Layer-1 blockchain designed specifically for issuing and transacting stablecoins
Payments firm Circle plans to introduce ARC, a proprietary Layer-1 blockchain designed specifically for issuing and transacting stablecoins. The company says the network will focus on faster settlement and lower transaction costs compared with existing public blockchains.
By launching its own chain, Circle aims to deepen control over the infrastructure that supports its USD-denominated stablecoins and broaden support for other regulated tokens. Further technical specifications, launch timing and partners have not yet been disclosed.
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Source: https://thedefiant.io/news/blockchains/circle-unveils-arc-layer-1-network-stablecoins-b95bcb77