Stablecoins is a critical component of the digital asset ecosystem, designed to mitigate the inherent volatility of traditional cryptocurrencies. By pegging their value to a stable asset, most commonly a major fiat currency such as the U.S. dollar, stablecoins provide a reliable medium of exchange and a stable store of value within the otherwise turbulent cryptocurrency market.

Circle, the company behind the widely used digital dollar USDC, has announced the launch of Arc, a new financial network designed to make digital money easier and safer to use worldwide.