Circle CEO Jeremy Allaire Calls Arc ‘an Economic OS for the Internet’

Why It Matters

Over 100 firms across banking, payments, tech and AI have already signed up to build on Arc.

Summary

Circle CEO Jeremy Allaire told CNBC that the company’s new Arc platform is an “economic OS for the internet,” offering dollar‑priced fees, sub‑second settlement and configurable privacy for stablecoin‑native finance. The public testnet went live on Oct. 28 and a mainnet launch is slated for 2026, targeting payments, foreign‑exchange, lending and capital‑markets use cases. Allaire highlighted strong USDC growth in emerging markets, especially the Middle East, and cited Circle’s regulatory build‑out in the UAE as a catalyst for on‑chain dollar rails. Over 100 firms across banking, payments, tech and AI have already signed up to build on Arc.