Circle Introduces ARC, a New Stablecoin Layer 1 Chain for DeFi
Crypto company Circle has announced the launch of ARC, a new blockchain specifically designed for stablecoin operations leveraging USD Coin as gas.
The ARC chain comes with several key features, including a built-in FX engine for Request for Quote (RFQ), sub-1 second finality using Malachite consensus, optional privacy features, full integration with the Circle stack, and an EVM-compatible open-source core.
This innovative solution is set to appeal to the ISO crowd who were active between 2019 and 2020, offering them a new platform to explore and engage with in the fast-evolving world of decentralized finance.
Explore next: Google Play Store Requires License for Crypto Wallet Apps – New Policy Affects 15 Jurisdictions