Circle CEO Jeremy Allaire Calls Arc ‘an Economic OS for the internet’
Update: 2025-11-01
Description
Arc: Circle's New Blockchain Platform for Faster, More Reliable Online TransactionsCircle Internet Group's CEO, Jeremy Allaire, unveiled Arc, a blockchain platform designed to revolutionize online transactions. Launched on November 1st, Arc aims to make moving money and conducting business online faster, more reliable, and more private. With a focus on dollar-denominated fees and instant transactions, Arc is built for activities like payments, foreign exchange, lending, and capital markets. The platform's main network is set to open by 2026, and it's already gaining traction in emerging markets, particularly in the Middle East, where businesses are using digital dollars for quick, smooth payments. With over 100 companies involved in Arc's ecosystem, Circle sees this as a significant step towards streamlining digital finance and making it more accessible and secure for businesses worldwide.
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