Stablecoin leader Circle, the issuer of USDC, has officially launched its Arc testnet with VISA, Mastercard and other major partners, a new Layer-1 blockchain designed to serve as the “economic operating system for the internet.”

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The testnet already counts over 100 major participants from finance, technology, and payments, including, as mentioned, Visa, Mastercard, BlackRock, Goldman Sachs, and Coinbase, all collaborating to bridge the gap between TradFi and the on-chain economy.

Circle CEO Jeremy Allaire described Arc as purpose-built to connect every local market to the global economy, emphasizing its ability to facilitate lending, capital markets, foreign exchange, and global p

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