Circle’s Arc blockchain mainnet launched on September 16, using USDC rather than its native ARC token to pay transaction fees. The network offers EVM compatibility and targets roughly one cent per transaction. Circle minted 10 billion ARC tokens at genesis but kept them off public markets, describing ARC’s role as coordination for security, utility and governance. Fee payments in USDC aim to keep transaction costs predictable in dollar terms. Arc currently relies on approved proof-of-authority validators, including major financial institutions, and may move to proof of stake in 2027. Circle is also developing opt-in privacy tools, aiming to attract banks and asset managers.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.