RT Arc (@arc)How Gas Works on ArcArc uses @USDC as native gas and a fee-stability mechanism to deliver low, predictable transaction costs for stablecoin finance.Gas should be a line item, not a market variable.On most blockchains, gas fees swing with token prices, making it hard for businesses to plan, budget, or scale.Arc changes that.It uses USDC as native gas, paired with a fee-smoothing algorithm that keeps costs low and predictable even when the network is busy.Designed to maintain a stable value. No l ...

Core Insights - Circle Internet Group has acquired Malachite, a high-performance consensus engine, from Informal Systems to support the launch of a new open Layer-1 blockchain network called Arc, specifically designed for stablecoin finance [1][2] - The acquisition is seen as a validation of Malachite and Informal Systems' incubation model, providing a robust financial foundation for future development and meaningful outcomes [2][6] - Circle plans to release the core software for Arc under a permissive open-source license, allowing broader developer community contributions [3] Company Developments - Circle expects Arc to enter private testnet in the coming weeks, followed by a public testnet in the fall [4] - Circle's CEO, Jeremy Allaire, highlighted opportunities for partnerships with major technology firms, payment companies, and financial institutions [5] - Circle reported a 90% year-over-year increase in USDC in circulation, reaching $61.3 billion as of June 30 [6] Strategic Implications - The acquisition aligns with Informal Systems' strategy of accelerating the growth of incubated projects and supports ongoing collaboration on blockchain applications [6] - Arc aims to serve as foundational infrastructure for the internet, enabling seamless global settlement akin to web messaging [3]

Project Overview - Arc is presented as an open Layer-1 blockchain specifically designed for stablecoin finance [1] - The project aims to provide the performance, reliability, and liquidity necessary to meet global financial demands [1] Technical Aspects - The document directs the audience to a litepaper for further exploration of Arc's capabilities [1]