ChainCatcher news, Circle (the issuer of USDC) announced on Tuesday the deployment of its payment-oriented Arc Blockchain's public Testnet, which has attracted over 100 Financial Institutions and tech companies, including BlackRock, Visa, HSBC, and Anthropic. The Arc Blockchain offers USD-denominated fees, sub-second Settlement, and optional privacy control features, aimed at supporting tokenization of funds, cross-border payments, and forex Settlement. Circle stated that the long-term goal is to develop Arc into a Decentralization, community-governed system. This move comes against the backdrop of stablecoins (currently with a market capitalization of $300 billion) gradually integrating into TradFi, with Citigroup predicting that the market capitalization of stablecoins could reach $4 trillion by 2030, while BCG and Ripple estimate that the tokenized asset market size could approach $19 trillion by 2033.
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