Circle Launches Arc Mainnet With BlackRock, Visa and DTCC as Validators, Mints 10 Billion ARC Tokens
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· body · New information from a source
Circle completed the genesis mint of 10 billion ARC tokens and launched Arc mainnet with a proof-of-authority validator set comprising 11 institutions plus Circle itself, including BlackRock, Visa, and the DTCC.The chain charges gas fees in USDC.More than 100 applications went live at launch, anchored by Aave, Morpho, and Uniswap.Circle has not committed to a public token launch.- Circle has launched the mainnet of Arc, a Layer 1 blockchain that uses USDC as its native gas token, according to Cointelegraph.
- The network runs on a proof-of-authority model with a permissioned set of institutions producing blocks, including BlackRock, Visa and DTCC alongside Circle itself, according to The Defiant, which put the total validator set at 11 institutions plus Circle.
- Circle completed a genesis mint of 10 billion ARC tokens this week, according to The Block and The Defiant, though the company has not committed to a public launch of the token.
- Circle confirmed the mint but left the timeline for any broader token release undecided, The Block reported.
- More than 100 applications are already live on Arc, with DeFi protocols Aave, Morpho and Uniswap anchoring activity on the network, according to The Defiant.
- Cointelegraph reported that Arc supports more than 20 fiat-backed stablecoins and connects to more than 20 other blockchains.
· summary · New information from a source
Circle activated its Arc Layer 1 blockchain this week with 11 institutional validators including BlackRock and Visa, and minted 10 billion ARC tokens.- Circle's Arc blockchain is live, running on USDC gas fees with BlackRock, Visa and DTCC producing blocks, after the company minted 10 billion ARC tokens without setting a public launch…
· headline · New information from a source
Circle launches Arc mainnet with BlackRock, Visa, and DTCC as validators; mints 10 billion ARC tokens- Circle Launches Arc Mainnet With BlackRock, Visa and DTCC as Validators, Mints 10 Billion ARC Tokens
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Circle has launched the mainnet of Arc, a Layer 1 blockchain that uses USDC as its native gas token, according to Cointelegraph. The network runs on a proof-of-authority model with a permissioned set of institutions producing blocks, including BlackRock, Visa and DTCC alongside Circle itself, according to The Defiant, which put the total validator set at 11 institutions plus Circle.
Circle completed a genesis mint of Circle launches Arc mainnet with BlackRock and Visa among validators, mints 10 billion ARC tokens.
ARC tokens this week, according to The Block and The Defiant, though the company has not committed to a public launch of the token. Circle confirmed the mint but left the timeline for any broader token release undecided, The Block reported.
More than 100 applications are already live on Arc, with DeFi protocols Aave, Morpho and Uniswap anchoring activity on the network, according to The Defiant. Cointelegraph reported that Arc supports more than 20 fiat-backed stablecoins and connects to more than 20 other blockchains.
The launch positions Arc as an institutional-facing chain built around USDC settlement rather than a typical permissionless network, with major financial firms directly involved in block production rather than acting only as users of the chain.
Sources: The Block, The Defiant, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 2 updates
- digestCircle launches Arc mainnet with BlackRock, Visa, and DTCC as validators; mints 10 billion ARC tokensfirst reported · 2 sourcestheblock.co · thedefiant.io
- storyCircle Launches Arc Mainnet With BlackRock, Visa and DTCC as Validators, Mints 10 Billion ARC Tokensupdate · 3 sourcestheblock.co · thedefiant.io · cointelegraph.com
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