00:00 Speaker A
Arc Mainnet is live. Circles uh L1 blockchain that everybody’s been looking forward to is officially live. Here’s what they say. Arc launches with infrastructure for agentic economic workflows, lending and borrowing, trading and liquidity, on-chain FX, payments and settlement, tokenized assets, exchanges, wallets, custody, compliance, data and developer tooling. This is
00:23 Speaker A
a blockchain for grown-ups.
00:25 Speaker A
Right? Arc is launching a blockchain specifically for a future of stable coins powered by USDC, which is their product. If you’re wondering why they’re having to do this,
00:35 Speaker A
it goes back to the interest rate conversation. Yes, if interest rates goes up, Circle continues to make a ton of money by holding treasuries to back USDC, all is well. But when interest rates inevitably do come down, so do Circle, which is a publicly traded company’s earnings.
00:53 Speaker A
They’re earning four or 5% on the money they’re holding and that is over 90% of their revenue. Imagine what happens if those rates go to 1%. They need to build out new business models
01:03 Speaker A
and Arc is one of them. Now I told you that this is a chain for grown-ups.
01:07 Speaker A
It should be, but I looked and of course, because crypto degens are going to be crypto degens, people are already putting together launch pads and futures exchanges and launching meme coins straight
01:19 Speaker A
on Arc.
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