Circle Starts New Blockchain Testnet with Visa, Mastercard, and BlackRock — Can LUNC Join Too?
Circle, the company that created the USDC stablecoin, has launched a public testnet for its new blockchain called Arc. Circle says Arc is made to become an economic operating system for the internet.
More than 100 companies from the finance, technology, and payment sectors are joining this testnet. Some of the biggest names include Visa, Mastercard, BlackRock, Goldman Sachs, and BNY Mellon.
Arc aims to make blockchain use more practical by offering stable dollar-based fees, fast transactions under one second, and privacy options for different needs.
Circle CEO Jeremy Allaire said that the testnet is already getting strong interest.
“With Arc’s public testnet, we are seeing fast progress as many major companies and projects begin to build and test. Together, these groups reach billions of users and handle hundreds of trillions in assets and payments across every region of the world.”
He explained that Arc is built to connect local markets with the global economy, supporting uses such as lending, capital markets, currency exchange, and international payments.
The network will also use tools from Alchemy, Chainlink, and Anthropic, while Coinbase and Uniswap will help with liquidity. Stablecoin issuers from Australia, Brazil, and Japan are also joining.
But the main question for the Terra Classic community is — can LUNC be part of this?
Right now, the answer is no. The reason is not about the technology but about leadership. Big companies usually work with projects that have a clear CEO or leadership team.
LUNC is different. It is fully run by the community, where decisions are made by voting, and there is no single leader guiding the project. While this shows true decentralization, it also makes it harder for outside companies to form partnerships.
This leads to another question — should LUNC have a main leader to build trust and guide big partnerships, or should it keep its current model where the community controls everything?
