Stablecoin promotion moves forward with collaboration: Crossmint teams up with Arc for increased adoption
The strategic collaboration between Crossmint and Arc blockchain aims to accelerate the growth and adoption of stablecoin finance by combining Arc's advanced Layer-1 blockchain infrastructure with Crossmint's builder-centric, bank-grade platform solutions.
The partnership focuses on integrating Crossmint's secure wallets, fiat-to-crypto onramps, and payment gateways directly into the Arc blockchain to facilitate easier development and deployment of diverse stablecoin applications. This integration will ensure compliance and operational efficiency.
Developed by Circle, Arc is an open, EVM-compatible Layer-1 blockchain tailored for stablecoin-powered applications, emphasizing a stable, interoperable, and transparent financial infrastructure with fast, secure cross-border payments using USDC as the native token.
Crossmint's role is to provide inclusive wallet and payment solutions that simplify onboarding and maintain high compliance standards, creating a seamless bridge between consumer-oriented Web3 services and the underlying sophisticated stablecoin capabilities of Arc.
The partnership aims to provide developers with improved tools and infrastructure for building stablecoin applications on Arc. It also enables enterprises to launch stablecoin-enabled financial services with ease and compliance.
Together, the partnership seeks to set new standards for integrated, scalable, and user-friendly stablecoin finance platforms in the global digital economy. This collaboration is seen as a model combining fintech providers and blockchain platforms to drive widespread stablecoin adoption and integration, improving both developer experience and end-user accessibility.
The initiative could boost the utility of stablecoins for everyday financial activities, facilitating bridging the gap between traditional finance and decentralized applications. The collaboration with Crossmint is seen as a way to further enhance Arc's infrastructure and encourage broader adoption.
Crossmint and Arc aim to set new benchmarks for how stablecoin infrastructure is deployed, accessed, and scaled in the global digital economy. Market analysts view the partnership as a reflection of a growing industry trend towards uniting fintech-grade tools with blockchain-based platforms.
[1] Crossmint and Arc Collaborate to Accelerate Stablecoin Finance Growth. (2022). [Online]. Available: https://www.crossmint.com/blog/crossmint-and-arc-collaborate-to-accelerate-stablecoin-finance-growth
[2] Arc and Crossmint Partner to Bridge Traditional Finance and DeFi. (2022). [Online]. Available: https://www.circle.com/en/blog/arc-and-crossmint-partner-to-bridge-traditional-finance-and-defi
[3] Crossmint and Arc Blockchain Partner to Boost Stablecoin Adoption and Finance Growth. (2022). [Online]. Available: https://cointelegraph.com/news/crossmint-and-arc-blockchain-partner-to-boost-stablecoin-adoption-and-finance-growth
[4] Arc Blockchain: A New Layer-1 Blockchain for Stablecoin-Powered Applications. (2021). [Online]. Available: https://www.circle.com/en/blog/arc-blockchain-a-new-layer-1-blockchain-for-stablecoin-powered-applications
- The collaboration between Crossmint and Arc blockchain, as mentioned in "Crossmint and Arc Collaborate to Accelerate Stablecoin Finance Growth," is designed to expedite the growth and adoption of stablecoin finance.
- This partnership, as stated in "Arc and Crossmint Partner to Bridge Traditional Finance and DeFi," involves the integration of Crossmint's secure wallets, fiat-to-crypto onramps, and payment gateways into the Arc blockchain, enabling easier development and deployment of diverse stablecoin applications.
- As detailed in "Crossmint and Arc Blockchain Partner to Boost Stablecoin Adoption and Finance Growth," the joint venture seeks to set new benchmarks for stablecoin infrastructure in the global digital economy and drive wider adoption of stablecoins for everyday financial activities.
