Circle Launches Arc Public Testnet with Amazon, BlackRock, Goldman Sachs
Circle Internet Group's Arc Blockchain Testnet Launch
- Circle Internet Group has launched a public testnet for its Arc blockchain, attracting over 100 organizations from finance, business, and technology sectors, including Amazon Web Services, BlackRock, and Goldman Sachs.
- Arc is an Ethereum Virtual Machine (EVM) compatible, open blockchain using USDC as its native gas token.
- The network promises predictable dollar-based fees, sub-second transaction finality, configurable privacy, and integration with Circle's platform.
- Designed to support stablecoins, Arc enables gas fees to be paid in USDC or other stablecoins, with infrastructure supporting stablecoin swaps and FX liquidity.
Q3 Growth Cycle
- Circle's launch of Arc concludes a productive October; its stock (CRCL) opened with a "neutral" rating at $136 and recently traded at $139.
- Clearbank and Circle signed an agreement to integrate USDC and EURC across Europe, aiming to enhance cross-border remittances and explore treasury and tokenized asset settlement.