Circle Introduces On-Chain Refund Protocol for Arc Blockchain

Circle is launching an on-chain refund protocol for its Arc blockchain, aiming to enhance trust and adoption of stablecoins. This initiative integrates traditional banking safeguards into blockchain transactions, facilitating secure user experiences. By proposing on-chain refunds for USDC, Circle seeks to help institutions manage disputes effectively, combining blockchain's speed with banking safety features, marking a significant advancement in the financial sector.