Circle CEO Jeremy Allaire: An Economic Operating System

Arc Test Network Launched on October 28

Circle CEO Jeremy Allaire described the new platform Arc as an economic operating system for the internet. The public test network for Arc was launched on October 28, 2023, with a target date for the mainnet set for 2026.

Fees and Privacy Features

Arc’s design focuses on fees priced in USDC, sub-second finality times, and configurable privacy features. These characteristics ensure that the platform provides a user-friendly and efficient experience.

The Power of USDC and Regional Developments

Allaire highlighted the growth of USDC in emerging markets, particularly mentioning the Middle East and Circle’s regulatory efforts in the United Arab Emirates.