Arc Public Chain: Circle Layout Stablecoin Exclusive Underlying Network

Recently, Circle officially launched its self-developed Arc public chain, which is a Layer 1 network built specifically for the USDC stablecoin. Against the backdrop of the continuous rise in stablecoin metrics, the release of Arc has attracted widespread attention, marking Circle's formal entry into the wave of issuing dedicated blockchains.

Arc aims to enable enterprises and institutions to access blockchain infrastructure more conveniently while remaining compliant, primarily through three core functions:

1. Use USDC as a Gas token
2. High scalability and instant transaction confirmation based on the Malachite consensus algorithm
3. Support privacy features chosen by users

Arc adopts an operating strategy that is both similar to and different from the blockchain solution centered around USDT, (, such as Stable and Plasma, ). Its main differentiated advantages are reflected in:

1. Deep integration with Circle's existing product line
2. Focus more on regulatory compliance
3. Built-in institutional-grade forex trading engine

The emergence of Arc has had a significant impact on the industry. It is worth noting that:

1. Tether and Circle have taken different development paths in the stablecoin network space.
2. The real competitor of Arc may be Tempo, rather than Stable or Plasma.
3. The future development of other stablecoin networks such as Codex and 1Money Network

Overall, the launch of Arc marks Circle's official entry into the stablecoin-exclusive public chain field, which will bring new development opportunities to the USDC ecosystem.