The USDC stablecoin issuer is betting Arc can become Wall Street’s blockchain rail for payments and tokenized finance, though analysts still see it as speculative. Circle raised $222 million in a token presale, valuing its new Arc blockchain at about $3 billion, positioning the project as a second growth engine beyond its USDC stablecoin business. Arc is designed as an institution-focused blockchain "economic operating system" that aims to provide compliant, high-speed rails for stablecoins and…
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