Circle Launches Arc Mainnet Using USDC as Its Native Gas Token
(16 days ago) · 1 source · Summarized by CryptoBipto — how we make this
Circle, the company behind the USDC stablecoin, has launched the mainnet of its blockchain network called Arc. The network uses USDC as its native gas token, meaning transaction fees are paid in USDC rather than a separate cryptocurrency. This marks Circle's entry into operating its own blockchain infrastructure.
WHY IT MATTERS
When you use a blockchain, you typically need to pay a small fee — called a "gas fee" — to process your transaction, similar to paying postage to send a letter. On most blockchains, you pay this fee using that chain's own special cryptocurrency. Circle's new Arc network changes this by letting users pay gas fees with USDC, a stablecoin designed to always be worth one US dollar. Think of it like being able to pay highway tolls with regular dollars instead of needing to buy special toll tokens first. This could make using the blockchain simpler for newcomers who already have USDC but do not want to deal with buying and managing additional cryptocurrencies. It also represents a significant expansion for Circle, which has gone from issuing a digital dollar to running its own blockchain network.
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