Circle, the issuer of USDC, the world’s second-largest stablecoin by market capitalization, has unveiled the public testnet for its proprietary Layer 1 blockchain network, ‘Arc. ’ The ambitious project has garnered significant backing, with over 100 global firms participating, including BlackRock, Visa, Goldman Sachs, Amazon Web Services (AWS), and Coinbase. Building an Economic Operating System Circle announced the launch of the Arc testnet via a press release on Monday. Circle CEO Jeremy Allaire emphasized the network’s mission: “Arc provides an opportunity for all companies to build services atop enterprise-grade network infrastructure
source: https://beincrypto.com/circle-launches-arc-testnet/