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Crypto DeFi

Circle’s Arc Mainnet Goes Live With Backing From BlackRock, Visa, Aave

Circle’s Arc blockchain network launched its mainnet on September 16, with founding validators including BlackRock, DTCC, Galaxy, SBI and Visa, and DeFi partners including Aave, GSR, Morpho and Uniswap. Launch-day tokens ARGUS, TOLLY and LONG reached tens of millions of dollars in market value, while Pump.fun, Phantom, TokenPocket and Bitget Wallet added support on day one.

Original source

AI take

Arc's validator roster is the real signal: BlackRock, DTCC and Visa lend institutional credibility to a Circle-built chain, which matters for tokenized asset settlement and stablecoin rails more than for retail trading. The day-one launch tokens reaching tens of millions in value is a familiar pattern that says little about durable activity. The open question is whether institutional partners move meaningful volume onto Arc or remain names on a validator list.

Generated by AI for reference only.

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