Circle Launches Arc Testnet, Ushering in a New Era for Institutional Blockchain Finance

Circle, the prominent stablecoin issuer, has officially launched the public testnet for its new open layer-1 blockchain network, Arc. This significant development aims to serve as the "Economic Operating System for the internet," bringing global financial infrastructure onto the blockchain. The initiative has garnered substantial early momentum, with over 100 major companies, including financial giants like BlackRock, Goldman Sachs, and Visa, participating in the testnet.