“In a recent CNBC interview, Jeremy Allaire outlined dollar-priced fees, fast finality, and privacy for Arc, while pointing to rising USDC use in emerging markets.”, — write: www.coindesk.com
He said Arc is built for payments, foreign exchange, lending, and capital-markets activity, with dollar-denominated fees, sub-second settlement, and privacy controls meant to let enterprises shield sensitive balances or flows when required. The public testnet went live Oct. 28, with mainnet targeted for 2026 after builders trial smart contracts, transaction flows, and token launches.
Read more: Circle, Issuer of USDC, Starts Testing Arc Blockchain With Big Institutions Onboard
Allaire emphasized USDC as the practical bridge for those use cases. He pushed back on the idea that growth is flat, saying usage has expanded through 2025 and that demand from emerging markets is “very significant,” led by firms that want to settle in dollars without the frictions of legacy cross-border banking. He singled out the Middle East, where businesses use digital dollars to move value quickly across trading partners.
That focus aligns with Circle’s UAE plans. Allaire referenced regulatory steps that position the company to operate in the region and support institutions that want on-chain dollar rails. He also linked momentum to policy clarity, saying recent US legislation for payment stablecoins has helped larger companies integrate stablecoin payments, FX, and credit workflows.
On ecosystem breadth, Allaire said the Arc announcement involved well over 100 companies across banking, payments, large technology, and AI. He framed Arc’s business model as transactional and ecosystem-driven, with a long-term goal for broadly distributed operations and governance rather than a single-company walled garden.
The framing is straightforward: Arc supplies a dollar-priced, high-throughput environment for stablecoin-native finance, while USDC serves as the settlement and fee unit developers can plan around. Allaire’s message to enterprises was that predictable costs, fast finality, and compliance-friendly privacy can move more of the “financial guts” of commerce to programmable rails.
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
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The in-app Chat is in beta for Premium users with file sharing and media support, while a standalone X Chat app is slated to follow in the coming months.
- X will keep Chat inside the X app, but will also ship a standalone X Chat in the coming months.
- Musk compared X Chat’s peer-to-peer (P2P) encryption approach to Bitcoin and said there are no advertising hooks.
- In-app Chat is in beta for Premium X users with text messaging, as well as file and media sharing; audio and video calls are planned.
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