- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Official Verification
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- Quick Buy
  Buy with bank card, Apple Pay, Google Pay, PIX, or SEPA
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

Circle's stablecoin Layer1 ARC will launch its public testnet in the fall, providing EVM compatibility.

By: theblockbeats.news|2025/08/12 11:41:33

BlockBeats News, August 12th, Circle disclosed details of the stablecoin Layer1 blockchain ARC. In addition to using the USDC stablecoin as the native Gas token, it will launch a public testnet this fall and be EVM compatible. The goal is to provide enterprise-grade infrastructure for stablecoin payments, foreign exchange, and capital market applications. Circle stated that it will also introduce features including a stablecoin foreign exchange engine, sub-second settlement, and optional privacy features, while fully integrating with the Circle platform and maintaining interoperability with other partner blockchains.

This move by Circle is aimed at countering its top competitor Tether, which has been actively involved in the development and support of two stablecoin Layer1 blockchains: Stable and Plasma. In the current approximately $260 billion stablecoin market, Circle holds a $65 billion market share, while Tether holds around $165 billion.

FTX investors sue Silicon Valley law firm Fenwick & West, accusing it of aiding funds misappropriation by the SBF team

Vitalik: "I Only Support Open Source" Should Be a Common Viewpoint