Circle's Arc Blockchain Sets Out to Develop the Internet's Financial Operating System Supported by Institutions

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Circle's Arc Blockchain Sets Out to Develop the Internet's Financial Operating System Supported by Institutions

Bitget-RWA2025/10/28 20:30

By:Bitget-RWA

- Circle launches Arc blockchain testnet with major institutions to build decentralized financial infrastructure. - Arc offers USD-based fees, fast settlements, and privacy controls, aiming to streamline global finance. - Stablecoin market growth and regulatory progress drive adoption, but high fees on congested chains remain a challenge. - Institutional collaboration and projects like Arc highlight crypto's maturation in reshaping digital finance.

Circle, the company behind the $76 billion stablecoin

USDC

, has introduced the public testnet for its Arc blockchain, representing a major advancement in building a decentralized financial ecosystem. More than 100 international organizations, such as

BlackRock

Visa

, Goldman Sachs, and Amazon Web Services, are involved in this initiative, according to

Bloomberg

. The testnet is designed to position Arc as an impartial, programmable foundation for global finance, featuring U.S. dollar-based transaction fees, settlement times under a second, and optional privacy settings, as reported by

Futunn

. This project supports Circle’s goal of creating an “Economic Operating System” for the web, aiming to simplify international payments, asset tokenization, and capital market operations, as

Decrypt

highlights.

The testnet phase brings together both established financial institutions and fintech leaders. Robert Mitchnick, BlackRock’s digital assets chief, pointed out Arc’s ability to improve capital markets by enabling stablecoin-based settlements and on-chain FX transactions, as noted by Bloomberg. Visa and AWS are assessing how Arc’s technology could speed up worldwide payments, while DeFi platforms like

Aave

and Curve are evaluating its integration with lending and liquidity services, according to Futunn. Stablecoin providers from different regions, such as Forte in Australia and Avenia in Brazil, are also testing Arc’s infrastructure for multi-stablecoin swaps and FX, as reported by

MarketScreener

Circle's Arc Blockchain Sets Out to Develop the Internet's Financial Operating System Supported by Institutions image 0

Circle’s future plans for Arc involve evolving into a decentralized network managed by its community. Although Circle currently oversees development, the company intends to allow public validator participation and introduce governance structures to support the network’s longevity, as previously mentioned by Futunn. This strategy reflects a broader movement in the crypto sector, where major institutions are increasingly leveraging blockchain to digitize real-world assets and streamline financial processes, as detailed in an

a16z report

The launch of Arc’s testnet comes at a time when stablecoin usage is rapidly increasing. Stablecoins, now accounting for a $308 billion market, are being adopted by traditional finance to enable quicker and cheaper transactions, according to

Crypto.News

. Analysts at Citi predict that the stablecoin sector could exceed $4 trillion by 2030, fueled by regulatory developments like the U.S. GENIUS Act and a rising appetite for tokenized assets, as also noted in the a16z report. Nevertheless, issues such as high transaction fees on busy blockchains remain, with

Ethereum

network charges sometimes topping $1,000 for minor transfers, according to Crypto.News.

Circle’s Arc blockchain, along with similar projects, highlights the crypto industry’s evolution, where greater institutional involvement and regulatory advancements are transforming digital finance. As the testnet progresses, observers will be watching to see whether Arc’s features can drive real-world adoption and address the scalability and cost issues that have challenged previous blockchain efforts.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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