Circle is tying 11 major financial institutions to its Arc blockchain as founding validators ahead of the Sept. 16 mainnet launch. Arc's disclosures say validators help finalize transactions but are not responsible for third-party applications that fail. Circle also agreed to sell 807.5 million ARC tokens to institutional investors at 30 cents each.
Article
Circle's Arc launch ties Wall Street firms to network, not app failures
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.