How Circle’s Institutional Arc Blockchain Was Overrun by Memecoins on Its First Day
When Circle unveiled its Arc blockchain, the fintech firm positioned the network as a secure, institutional‑grade platform for digital assets, promising low‑cost settlement, high throughput, and robust compliance features. The launch was heavily marketed to banks, custodians, and regulated traders who were expected to adopt the chain for large‑scale, low‑risk transactions. However, the very first…
Sept. 17, 2026, 11:42 a.m.