Circle expands Arc: USDC, EURC, payments and FX in one network
- —Arc combines USDC, EURC, Circle Payments Network and StableFX into one network
- —Validators and users include BlackRock, DTCC, Mastercard and Visa
- —Arc will let Circle earn infrastructure fees beyond income from USDC reserves
- —Key success metrics are USDC/EURC settlement volumes and growth in the number of institutions
Why it matters: If Arc gains traction, Circle will reduce its reliance on interest income from USDC reserves and become an infrastructure player in onchain finance.
Source: Blockmedia