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MCS · Ledger

Arc

Circle Internet Group

Seam
Base layers
Status
Mainnet
Live since
2026
Verified
2026-09-16

Circle's USDC-native L1: permissioned Malachite BFT, Reth execution, dollar gas. Public mainnet 16 September 2026.

Project site ↗

Sourced figures

  • Time to finality0.5s

    Seconds until a committed transaction is economically irreversible.

    Arcscan measured 506 ms mainnet block time on 2026-08-10 and reports finality as instant. Circle’s Malachite overview quotes a <350 ms benchmark with 20 validators — that is a benchmark, not this figure.

    Source ↗
  • Total value locked$308M

    Dollar value of assets deposited in the network’s contracts.

    DefiLlama v2/chains row name=Arc, chainId=5042, ~$308.3M during the 2026-09-16 session. Day-one public mainnet; re-pull before citing.

    Source ↗

The silicon

  • Malachite BFT + Reth

    Circle / Informal Systems / Paradigm (Reth)

    Consensus is Malachite (Tendermint-family BFT, Informal Systems team joined Circle in 2025). Execution is Reth. No proving ASIC, no DePIN fleet — commodity validator boxes under a permissioned set. The silicon seam is empty on purpose.

    Source ↗

Milestones

  • 2026-09-16achieved

    Public mainnet

    Source ↗
  • 2027-H2planned

    DTCC tokenization of DTC-custodied assets on Arc

    Source ↗
  • 2027planned

    Explore Proof of Authority → Proof of Stake; ARC token not a public launch

    Source ↗

All of The Ledger