#What is Circle Internet Group exploring?
Circle Internet Group is currently examining the launch of a native token for its Arc blockchain. This initiative aims to enhance stakeholder engagement as the company develops its new open layer 1 (L1) blockchain, designed specifically for stablecoin transactions.
#What makes Arc Network unique?
Arc Network stands out due to its features tailored for stablecoin usage, including the ability to use stablecoins for gas payments and achieving sub-second transaction finality. It is presently running in a public testnet phase, which allows developers and companies to interact with its innovative capabilities.
#Who is participating in the Arc public testnet?
Arc Network's public testnet is attracting a diverse range of participants. Over a hundred institutions—including prominent financial and technological firms—are actively testing various stablecoin-centric features such as instant settlements and enhanced privacy options. This participation not only reflects interest in blockchain technology but also the potential economic activities that can occur on-chain. The goal is to foster a collaborative environment that benefits all stakeholders involved in this new digital ecosystem.