The fintech sector is undergoing a new transformation. Circle announced a major plan in its second quarter financial report: the launch of a dedicated public blockchain named ARC. This chain is designed specifically for stablecoins, is compatible with the Ethereum Virtual Machine (EVM), and uses USDC as the fuel fee. Features of ARC include sub-second settlement speed and optional privacy features, aiming to drop the rising distribution costs while maintaining settlement sovereignty.



At the same time, payment giant Stripe and renowned investment firm Paradigm are quietly developing a similar project. Their Tempo chain is also EVM compatible, featuring high performance characteristics, with the goal of serving the global payment market.

This trend may spread to other fintech giants, such as PayPal. Industry experts analyze that the emergence of these dedicated public chains has limited short-term competitive impact on general public chains like Ethereum, mainly because these new chains focus more on low latency and compliance. However, in the long run, they may divert USDC's trading volume and the liquidity of decentralized finance (DeFi), which could potentially affect Ethereum's valuation potential as the "global settlement layer."

Nevertheless, it is worth noting that most dedicated chains still retain cross-chain bridges and settlement channels. This means that Ethereum is likely to continue playing the role of value aggregation and final settlement layer. Therefore, Ethereum's position in the future financial ecosystem remains worthy of attention.

As financial technology giants enter the arena, the application of blockchain technology in the financial sector is entering a new stage. This not only reflects the recognition of blockchain technology by traditional financial institutions but also indicates that the boundaries between digital assets and traditional finance may further blur. In the future, we may see more innovative financial solutions that will provide users with a more efficient and secure financial service experience.
ARC6.96%
ETH-0.31%
USDC-0.01%
DEFI2.4%
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GateUser-fed7b5f3vip
· 08-15 05:29
Is it useful? It still doesn't affect its fall.
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PaperHandsCriminalvip
· 08-14 21:00
So you're trying to trick me into chasing the price to buy, huh?
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GateUser-2fce706cvip
· 08-14 07:48
It has long been said that the new public chain is the high ground, and those who seize the opportunity are all smart people.
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TokenToastervip
· 08-14 07:47
Loving Crypto Assets and Decentralized Finance~ is the most important part of Blockchain! Charge! Charge! Charge!
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StablecoinAnxietyvip
· 08-14 07:46
Another public chain product? Is it time to roll out public chains?
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GweiObservervip
· 08-14 07:36
Long-term observer of the Internet, a small V.
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MoonBoi42vip
· 08-14 07:35
Playing is one thing, but money still has to be given to Vitalik Buterin.
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