Circle announced the launch of Arc, the company’s new blockchain network designed for major financial firms and large enterprise companies.

Circle, issuer of the USDC stablecoin, says the blockchain will give large companies low costs, stable fees and a faster performance level.

Good luck with that Circle. Over time, all such attempts will lead to XRPL.

Key takeaway from David:

XRPL is well-positioned to serve as critical infrastructure for the world’s financial system — connecting assets, markets, and participants seamlessly across borders.

We’ve been seeing more and more players in the payments and stablecoins space launch their own blockchains. To me, that’s a clear sign the market sees blockchain as core financial infrastructure — something we’ve believed in and have been building toward on the XRP Ledger for…

— David 'JoelKatz' Schwartz (@JoelKatz) August 13, 2025