USDC issuer Circle to launch Arc with early Fireblocks access

Circle’s Arc promises to innovate the stablecoin landscape by leveraging Fireblocks’ infrastructure for security and compliance. A public testnet is expected this fall, with a full launch anticipated by the year’s end.

The stablecoin market cap has recently increased to around $277.16 billion, with USDC comprising 25%. New entrants like Stripe and Robinhood enhance competition, highlighting a shift towards blockchain solutions in financial services.

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