Cycles to migrate payment and settlement products to Arc blockchain

Foresight News reported that crypto financial infrastructure provider Cycles announced on Twitter that its payment application Cycles Pay and institutional clearing product Cycles Prime will migrate to Circle's newly launched L1 blockchain, Arc. Cycles stated that the main reasons for choosing Arc include sub-second block times, high throughput of over 3,000 TPS, native USDC ecosystem support, and a protocol-integrated privacy roadmap. The company plans to deploy production-grade products on the very first day the Arc mainnet goes live. Currently, Cycles Pay has launched on the Neutron testnet, receiving around 20,000 email registrations and 3,500 wallets, with about 20 enterprises already using it in private testing.