Circle Launches Arc Mainnet With BlackRock and Visa
Circle launched its Arc Layer 1 mainnet with financial heavyweights BlackRock, Visa, and the DTCC acting as validators.
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Key takeaways
- Circle has officially launched its Arc Layer 1 mainnet.
- BlackRock, the DTCC, and Visa serve as permissioned validators on the network.
- Circle minted 10 billion ARC tokens, with no promise of a public release.
Circle just pushed its Arc Layer 1 mainnet live. Don't expect your typical permissionless setup, though. Its validator node lineup features Wall Street heavyweights like BlackRock, the DTCC, and Visa.
Permissioned Setup and Token Mint
Arc runs on a permissioned validator set instead of an open network. Right alongside the launch, Circle minted 10 billion ARC tokens. The catch? The company hasn't promised to release any of those tokens to the public.
Why it matters
Wall Street titans validating blocks directly on a Circle-backed chain shows where institutional crypto infrastructure is heading. But if you're hunting for a fresh token to trade, hold off. Circle is keeping network validation and token allocation strictly in-house for now.
Source: Decrypt
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