Circle's Arc Mainnet Goes Live With USDC as Native Coin and 12-Institution Validator Set
Circle launched the Arc blockchain public mainnet on 16 September 2026, an EVM-compatible layer-1 chain where USDC serves as the native gas coin. The network runs on a proof-of-authority model with twelve institutional validators including Circle, BlackRock, Visa, Mastercard, DTCC, and ICE. Arc uses a Malachite BFT consensus with a Reth-based client, producing blocks every half second with deterministic finality and a chain ID of 5042. A key technical detail for integrators is that the node tracks USDC balances in 18 decimals while the ERC-20 contract uses 6 decimals — the same balance expressed at scales a trillion apart. The chain also publishes the next block's base fee inside the current block header, effectively signalling gas costs before wallets or contracts need to query them.
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