Visa, Mastercard, and BlackRock will validate Circle’s Arc mainnet, launching September 16.
This is a direct play to bring traditional finance’s balance sheets and user bases into on-chain assets. Circle aims to make Arc the primary rail for tokenized real-world assets. The company’s Q2 saw $48 million in net income, a sharp turn from last year's $482 million loss.
Our read: USDC is the real winner. It will be Arc’s gas token, positioning it against USDT for a new class of institutional users. BlackRock deploying its BUIDL fund on the network only strengthens this. The fight for stablecoin dominance just opened a new front.
Expect more institutions to build on a chain they also validate.
$BTC #Stablecoins
This is a direct play to bring traditional finance’s balance sheets and user bases into on-chain assets. Circle aims to make Arc the primary rail for tokenized real-world assets. The company’s Q2 saw $48 million in net income, a sharp turn from last year's $482 million loss.
Our read: USDC is the real winner. It will be Arc’s gas token, positioning it against USDT for a new class of institutional users. BlackRock deploying its BUIDL fund on the network only strengthens this. The fight for stablecoin dominance just opened a new front.
Expect more institutions to build on a chain they also validate.
$BTC #Stablecoins