Stablecoin issuer Circle said its Arc blockchain network is scheduled to launch its mainnet on Sept. 16. The company described Arc as financial infrastructure built for global financial markets, with a focus on supporting related applications and settlement use cases. According to Circle, the Arc testnet has processed more than 500 million transactions so far, with nearly 3 million wallet addresses participating. Circle also said more than 100 partners have remained active on a private mainnet ahead of the public launch. The initial validator set is expected to operate the network alongside Circle. The company added that it will keep building out Arc as underlying infrastructure for financial markets and continue expanding the ecosystem around the network.
Stablecoin issuer Circle said its Arc blockchain network will officially launch its mainnet on Sept. 16, according to ChainCatcher.
Circle described Arc as financial infrastructure for global financial markets. The network is intended to support related applications and settlement use cases.
The company said the Arc testnet has processed more than 500 million transactions to date, with nearly 3 million wallet addresses taking part. Circle also said more than 100 partners have remained active on a private mainnet.
The initial validator group is expected to help run the network together with Circle. The company said it will continue building Arc as base-layer infrastructure for financial markets while expanding the surrounding ecosystem.
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