ARC (AI Rig Complex) rose 20.97% in the last 24 hours.

Gate News Bot news, on October 31, according to CoinMarketCap data, ARC (AI Rig Complex) is currently priced at 0.02 USD, having risen 20.97% in the last 24 hours, reaching a high of 0.02 USD and a low of 0.01 USD. The current market capitalization is approximately 15.3 million USD, an increase of 2.66 million USD compared to yesterday.

ARC is a blockchain project focused on the AI field. The project includes multiple modules, such as Ryzome, Registry, Forge, and Handshake. ARC also provides an information center called “The Complex,” which contains the project's manifesto, architecture, blog, and token economics. Additionally, ARC has launched some experimental projects, such as Emblem and the upcoming Ragtag.

Important news about ARC recently:

1️⃣ Circle launches Arc blockchain testnet Circle recently launched a payment-oriented Arc blockchain public testnet, attracting over 100 financial institutions and tech companies, including BlackRock, Visa, HSBC, and Anthropic. The Arc blockchain offers USD-denominated fees, sub-second settlement, and optional privacy control features, aimed at supporting financial services such as tokenized funds, cross-border payments, and foreign exchange settlements. This initiative occurs against the backdrop of the ongoing expansion of the stablecoin market and is expected to drive the adoption of blockchain technology in traditional finance.

2️⃣ South Korea Advances the Won Stablecoin Based on Arc Blockchain The South Korean digital asset infrastructure company BDACS announced plans to issue the Korean won stablecoin “KRW1” on Circle's Arc blockchain. BDACS has signed a memorandum of understanding with Circle to establish a collaborative mechanism, and completed the trademark registration for “KRW1” in December 2023. This initiative indicates that the Arc blockchain is attracting the attention of international financial institutions, which is expected to promote the application of stablecoins and blockchain technology globally.

3️⃣ The acceptance of blockchain technology by financial institutions is increasing With the launch of the Circle Arc blockchain testnet and the participation of multiple financial institutions, the application of blockchain technology in traditional finance is accelerating. Citigroup predicts that by 2030, the market capitalization of stablecoins could reach $4 trillion, while BCG and Ripple estimate that by 2033, the tokenized asset market size will approach $19 trillion. This trend may create more opportunities for projects focused on AI and blockchain technology, such as ARC.

As a blockchain project focused on the AI field, ARC may benefit from the overall development of the blockchain industry. However, investors should be aware that, although ARC's price has recently risen, it remains to be seen how the project will specifically benefit from the industry's development.

This message does not constitute investment advice, and investors should pay attention to market volatility risks.