TechFlow, August 20 — According to Bloomberg, Circle's stock has surged over 350% since its initial public offering, but its outlook indicates a slowing growth rate. However, Circle's recently launched Arc blockchain and Stripe's "Temo" blockchain initiative both suggest that each company aims to build its own end-to-end network for stablecoin payments. Their goals appear increasingly aligned: constructing competitive financial networks for digital currencies to "control how these assets move" and secure a position in the next generation of digital payments. Nonetheless, Circle stated it wants to remain market-neutral and provide services such as cross-chain transfer protocols to help USDC and its newly launched digital euro EURC move across different blockchains.
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