TechFlow news, October 28 — According to CoinDesk, Circle (issuer of USDC) announced on Tuesday the deployment of the public testnet for its payment-focused Arc blockchain, which has already attracted over 100 financial institutions and technology companies, including BlackRock, Visa, HSBC, and Anthropic.
The Arc blockchain offers U.S. dollar-denominated fees, sub-second settlement, and optional privacy controls, aiming to support financial services such as tokenized funds, cross-border payments, and foreign exchange settlements.
Circle stated that its long-term goal is to evolve Arc into a decentralized, community-governed system. This move comes amid growing integration of stablecoins—currently valued at $300 billion—into traditional finance. Citigroup predicts the stablecoin market could reach $4 trillion by 2030, while BCG and Ripple project the tokenized asset market to approach $19 trillion by 2033.
