Overview
- More than 100 companies joined the test phase, including BlackRock, Visa, Goldman Sachs, AWS, Coinbase, and Kraken.
- Arc is a Layer-1 network with predictable dollar-based fees, sub-second transaction finality, and optional privacy controls.
- Participants are assessing use cases such as tokenized funds, cross-border payments, foreign-exchange settlement, lending, and capital markets.
- Regional stablecoin issuers JPYC (Japan), BRLA (Brazil), and QCAD (Canada) are testing interoperability and settlement on the network.
- Circle is leading the rollout during testnet and plans to open validator participation and shift toward community-driven governance over time.