Circle Introduces Arc: A New Layer-1 Blockchain for Stablecoin Finance скачать в хорошем качестве

Circle Introduces Arc: A New Layer-1 Blockchain for Stablecoin Finance

Circle, the issuer of the USDC stablecoin, has announced the launch of Arc, a new layer-1 blockchain designed to provide an enterprise-grade foundation for stablecoin payments, foreign exchange, and capital markets applications. This move marks a significant milestone in Circle's mission to deliver a full-stack platform for the internet financial system. Key Features of Arc Blockchain Native Gas Token: Arc will feature USDC as its native gas token, enabling users to pay transaction fees on the network with the stablecoin. Integrated Stablecoin Foreign Exchange Engine: The blockchain will provide an integrated stablecoin foreign exchange engine, facilitating seamless transactions. Sub-Second Settlement Finality: Arc will deliver sub-second settlement finality, ensuring fast and efficient transactions. Opt-In Privacy Controls: The blockchain will offer opt-in privacy controls, allowing users to manage their data and transaction visibility. Full Integration with Circle's Platform: Arc will be fully integrated across Circle's platform and services, ensuring seamless interoperability ¹ ². Benefits and Implications The launch of Arc is expected to enhance the usability and adoption of stablecoins, particularly USDC, in various applications. With its enterprise-grade design and features, Arc aims to provide a reliable and efficient platform for stablecoin finance. Circle's successful IPO in June has marked a pivotal moment for the company and the broader adoption of stablecoins ². Circle's Q2 Earnings Circle reported a 53% year-over-year increase in total revenue and reserve income in Q2, reaching $658 million. The company's USDC circulation surpassed $61 billion in Q2, which is a 90% increase year-over-year. Despite this growth, the company posted a net loss of $482 million, largely due to IPO-related non-cash charges Tip the host https://link.space/@RoamingRamble buy me a coffee coff.ee/jadirigameb Amazon wishlist https://www.amazon.ca/hz/wishlist/ls/...