Circle launches Arc mainnet with 11 validators from BlackRock, Visa and Mastercard
- —Arc is Circle's Layer 1 with gas paid in USDC, focused on payments and securities tokenization
- —The first 11 validators are BlackRock, Visa, Mastercard, Galaxy, SBI and Standard Chartered
- —Arc's token presale raised $222 million at a $3 billion valuation
- —Robinhood Chain set a record $3.7 billion in daily DEX volume after its July launch
Why it matters: Arc's launch with TradFi validators intensifies competition among L1s for institutional settlement, though speculators may repeat the Robinhood Chain memecoin scenario.
Source: BeInCrypto CN