Circle Launches Arc Blockchain Targeting Payments and Institutional Finance

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Circle, the company behind the USDC stablecoin, has unveiled a new blockchain called Arc designed specifically for payments, tokenized assets, and institutional finance. CEO Jeremy Allaire described the launch as potentially more significant than the creation of USDC itself. The move comes as major banks and payment companies are increasingly entering the stablecoin market. Arc is positioned to serve the growing demand for blockchain infrastructure tailored to financial institutions. The launch signals Circle's ambition to expand beyond stablecoin issuance into broader financial infrastructure.

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