Circle to launch L1 blockchain called Arc sparking concerns over centralization and governance

USDC stablecoin issuer Circle has announced plans to launch Arc, its own enterprise-focused Layer 1 blockchain, according to an Aug. 12 statement. According to the firm: “Arc aims to establish itself as foundational infrastructure for regulated money movement, supporting a globally distributed financial system.” Circle said Arc will integrate fully with its existing platform while The post Circle to launch L1 blockchain called Arc sparking concerns over centralization and governance appeared first on CryptoSlate.