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      Circle Launches Arc Mainnet, Addresses USDC Theft Concerns

      Circle has officially launched its Arc mainnet on September 16, 2026, introducing a blockchain infrastructure designed for stablecoin-focused financial applications. Nikhil Chandhok, Circle's Chief Product and Technology Officer, clarified during a recent podcast appearance that the network's immutability means that stolen USDC funds cannot be recovered or rolled back, emphasizing that this feature is essential for maintaining trust in blockchain technology.

      Arc operates on the Malachite consensus engine, which allows for rapid transaction finality. The network utilizes USDC as its native gas and settlement asset, ensuring that all interactions are conducted in the stablecoin that Circle has developed over the past decade. Chandhok highlighted that while Arc does not permit transaction rollbacks, Circle retains the ability to freeze specific addresses at the request of law enforcement, distinguishing between the capabilities of the token and the blockchain.

      The launch of Arc has attracted participation from major institutions such as BlackRock, Visa, and Mastercard, which are involved in the network under a Proof-of-Authority model. An ARC token was also minted at launch, with a total supply of 10 billion, intended for future Proof-of-Stake governance, although its active utility is not yet implemented. Chandhok's candid acknowledgment of the risks associated with the network reflects Circle's commitment to transparency as it navigates the complexities of blockchain technology.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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