Circle CEO Jeremy Allaire told Chris Dixon and Robert Hackett that Circle built its new Arc blockchain because no existing network met the standards institutions and regulators expect, and because AI agents will likely be the primary users, deployers, and operators onchain. He described Arc as an economic operating system with deterministic settlement finality and geoeconomically diverse stakeholders. On moats, he cited USDC's utility and liquidity network effects, $150 billion in quarterly minting and redemption, and CCTP as the most widely used interoperability protocol. Dixon said no network has won developer mindshare yet.

AI summary of the linked source — not editorial content.

Story signal · via Elfa

as of

Market since publication

TradersTrader calls tracked by Elfa · not advice

Positioning

Open105 open positions · 101 long · 4 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 17 Oct 21:19 UTC.

Whole equity market, not this story

Crowding0th percentile · vs last 28 days, 50 typical
Pulse 24h17/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book94.2% long · 2,996 accounts

As of 18 Oct 01:35 UTC.

Social-monitoring data, not investment advice Elfaas of

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