🧐 #USDC Circle launched the Arc blockchain testnet (original)

✧ BlackRock, Visa, HSBC, AWS, Anthropic and more than 100 companies around the world have already joined the project.

✧ Arc is created as a base layer for the global financial infrastructure, where:
⊹ Commissions are tied to the US dollar.
⊹ Transactions take place in a fraction of a second.
⊹ There is optional privacy.
⊹ Integration with USDC stablecoin.

✧ Visa is testing a system to accelerate global transfers, BlackRock is researching on-chain payments and FX operations, HSBC - international payments of the new generation.

✧ Coinbase, Deutsche Bank, Société Générale, Invesco, SBI, Mastercard and Aave are also involved in the testing.

✧ Circle plans to decentralize Arc over time - to open network management and validation for the community.

@Сryptoz ₿