'I don’t think that’s crazy': Here is why Circle is betting on new $3 billion blockchain
CoinDesk·
60-second summary
Circle is betting $3 billion on Arc, a new blockchain, to become Wall Street's rail for payments and tokenized finance, issuing the USDC stablecoin. Analysts view this as speculative, but Circle's CEO thinks it's not crazy, citing Arc's potential to revolutionize finance. Market implications: this move could validate or challenge the stability of stablecoins.
The USDC stablecoin issuer is betting Arc can become Wall Street’s blockchain rail for payments and tokenized finance, though analysts still see it as speculative.