Circle's Arc blockchain mainnet process begins

The Arc network, where BlackRock, Visa, Mastercard, DTCC, ICE and other major institutions are validators and where tests have been continuing since months, has now started the "mainnet" process. The Arc blockchain, which has now become a network where real assets and real transactions can take place, was officially launched today.

Payments via USDC…

Transaction fees on the Arc network will not be paid in USDC. Conducting these transactions with a fixed coin indexed to the dollar price will make transaction fees much more predictable.

The EVM-compatible network will also facilitate the migration of applications onto the network.

DeFi has already arrived…

Although it is only the first day of the mainnet launch, DeFi protocols such as Uniswap, Aave and Morpho have also been launched on Arc. This means that Arc users will now be able to perform important DeFi transactions such as lending and receiving through these protocols.

10 billion ARC tokens minted

Circle also announced this week that it has created a total of 10 billion ARC tokens for its mainnet debut. However, no information was shared about when and how the tokens would be made public. Tokens are currently inaccessible. On the other hand, Arc token cannot be used for gas payments like USDC.

Artificial intelligence is also targeted

Circle, which does not only target traditional finance, also wants the Arc blockchain to be used in the agent economy, especially in artificial intelligence. For this reason, a development tool called Arc Studio was created, where smart contracts and applications can be created with the help of artificial intelligence.

All of these also show Circle's efforts to create a serious ecosystem through USDC.