The way memecoins seized control of Circle’s institutional Arc blockchain on its inaugural day
When Circle announced the launch of its institutional‑grade blockchain, Arc, the fintech community expected a measured rollout focused on stablecoins, compliance tools, and enterprise‑level settlement solutions. Instead, the network’s very first day was hijacked by a wave of meme‑driven tokens that flooded the chain with transactions, gas fees, and social media buzz. By the time Thursday morning …
Sept. 17, 2026, 11:42 a.m.