Circle's Arc mainnet will go live on September 16

Comparatively, stablecoin issuer Circle announced that its blockchain network Arc mainnet will be officially launched on September 16. Arc is positioned as a financial infrastructure for global financial markets and aims to support related applications and settlement scenarios.

According to reports, the Arc testnet has processed more than 500 million transactions so far, with close to 3 million wallet addresses participating. More than 100 other partners are already active on the private mainnet. The initial validator community is expected to participate in network operations with Circle.

Circle said it will continue to promote the construction and ecological expansion of Arc as a low-level facility in the financial market.