PhotonPay Partners with Arc to Develop the Next-Generation Economic Operating System for the Internet

PhotonPay, a provider of AI-driven financial infrastructure, has

, a Layer-1 blockchain platform created to digitize real-world economic processes and evolve into a next-generation Economic Operating System (OS) for the internet. This partnership, together with other global payment and fintech leaders, in building open and programmable financial systems, highlighting a move toward blockchain-powered modernization of worldwide payment networks.

Arc supports a wide range of applications, including lending, capital markets, and cross-border payments, and features stable dollar-denominated fees, near-instant transaction settlement, and customizable privacy options

. With the trust of over 200,000 businesses globally, PhotonPay intends to utilize Arc’s features to connect conventional finance with blockchain technology, aiming to boost transparency, security, and operational efficiency in financial networks . This integration supports Circle’s larger ambition for the Payment Network (CPN), which is designed to provide instant, seamless currency conversion and establish it as a core element for financial organizations .

Jeremy Allaire, CEO of Circle, highlighted Arc’s role as an “enterprise-grade, regulatory-compliant infrastructure” for financial entities, emphasizing its alignment with CPN’s mission to broaden local currency support and enable atomic swaps . The Arc testnet already features regional stablecoin providers like Avenia and Juno, available on Circle’s StableFX platform. This development highlights the rising of blockchain adoption in institutional finance, with industry giants such as Franklin Templeton and BlackRock also .

This alliance reflects a larger movement in the industry: the adoption of blockchain by institutions to simplify international payments, minimize barriers, and improve interoperability. PhotonPay’s involvement in Arc’s testnet demonstrates its dedication to scalable and adaptable solutions, including global disbursements and embedded finance, while Circle’s Arc aspires to serve as the foundation for decentralized financial infrastructure

. As regulatory bodies like the FDIC consider guidelines for tokenized deposits and stablecoins , the merging of traditional and blockchain-based finance is becoming increasingly apparent.