Is Arc’s 100 Meme-Coin Launchpads a Mistake for Its Payments Chain?

David Hoffman breaks down the identity crisis at the center of Arc’s launch.⁣ ⁣ USDC is backend bank plumbing. Arc was supposed to be the payments rail for it. Instead it launched with 100 meme-coin launchpads.⁣ ⁣ “Isn’t it kind of oxymoronic to have Arc, the USDC fed-coin chain, launched with 100 m