a16z invests $75 million in Circle’s new Arc blockchain

Global venture capital firm a16z invested $75 million in ARC tokens for Circle’s new blockchain, Arc. Arc is described as a blockchain with enterprise control and privacy features, targeting stablecoin payments and settlement use cases. According to the original report, more than 200 allies, including Goldman Sachs and Visa, were cited, while settlement from payment to accounting within one second was presented as a core feature. The investment adds attention to whether stablecoins can challenge the territory of existing payment networks and fintech companies. Source: mk.co.kr