The digital payment market is currently witnessing a fierce whale race among leading stablecoin solution providers. Circle, a blockchain-based payment company, is focusing its efforts to regain its position in a market where Tether currently dominates with over 60% market share.
The Market Share Race Among Stablecoin Giants
To compete in this whale race, Circle has accelerated the development of Arc, a Layer-1 blockchain specifically designed to optimize global financial transactions. According to NS3.AI, this platform aims to provide near-instant payment capabilities, enabling organizations to carry out complex financial activities without delays.
Arc Blockchain: Circle’s Strategic Move
The Arc blockchain is built with significant participation from major financial institutions, aiming to create a scalable global payment system. Circle is not only developing technology but also upgrading the Circle Payment Network, introducing innovative interactive tools to increase appeal and usability for users.
Financial Institutions Enter the Game
Notably, financial institutions from various sectors, including BlackRock and Visa, are increasingly adopting and implementing blockchain-supported payment solutions. This trend reflects a profound shift in how asset managers interact with digital technology. From traditional fund management applications, the financial world is now moving toward integrating stablecoins into daily operational systems.
The whale race in the stablecoin market will continue, with companies like Circle constantly introducing new solutions and focusing on support from giant organizations to shift the market balance.
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Whale battle in the stablecoin market: Circle upgrades Arc to challenge Tether
The digital payment market is currently witnessing a fierce whale race among leading stablecoin solution providers. Circle, a blockchain-based payment company, is focusing its efforts to regain its position in a market where Tether currently dominates with over 60% market share.
The Market Share Race Among Stablecoin Giants
To compete in this whale race, Circle has accelerated the development of Arc, a Layer-1 blockchain specifically designed to optimize global financial transactions. According to NS3.AI, this platform aims to provide near-instant payment capabilities, enabling organizations to carry out complex financial activities without delays.
Arc Blockchain: Circle’s Strategic Move
The Arc blockchain is built with significant participation from major financial institutions, aiming to create a scalable global payment system. Circle is not only developing technology but also upgrading the Circle Payment Network, introducing innovative interactive tools to increase appeal and usability for users.
Financial Institutions Enter the Game
Notably, financial institutions from various sectors, including BlackRock and Visa, are increasingly adopting and implementing blockchain-supported payment solutions. This trend reflects a profound shift in how asset managers interact with digital technology. From traditional fund management applications, the financial world is now moving toward integrating stablecoins into daily operational systems.
The whale race in the stablecoin market will continue, with companies like Circle constantly introducing new solutions and focusing on support from giant organizations to shift the market balance.