a16z: Invested $75 million in ARC tokens, with stablecoins at the same scale as Visa and PayPal

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ME News Report, May 11 (UTC+8), Andreessen Horowitz (a16z) announced an investment of $75 million in Circle Internet Group’s new public chain project Arc, in ARC tokens. a16z stated that stablecoins are gradually becoming an important infrastructure of the global financial system, with annual transaction volume reaching $9 trillion by 2025, on par with Visa and PayPal. Currently, the supply of USD stablecoins has exceeded $270 billion. a16z said that Arc is designed as a “new economic operating system” for institutions, supporting sub-second settlement, configurable privacy, institutional-grade validation nodes, and cross-chain settlement based on USDC. Arc will natively integrate Circle’s CCTP and plans to collaborate with over 200 partners including Goldman Sachs, Visa, and Mastercard to build the ecosystem. a16z believes that as the global financial system gradually moves on-chain, a few blockchain networks will become the underlying infrastructure of the new financial system, and Arc is expected to be one of them. (Source: BlockBeats)

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