Jeremy Allaire, the CEO of Circle, posted on X on November 10, 2026 that Mastercard and BVNKFinance are making progress building on the ARC network and integrating USDC. Allaire’s comment highlights Circle’s continued partnership strategy with major financial institutions to expand the use cases of its stablecoin, USDC, on emerging blockchain infrastructures. The ARC network, a layer‑1 focused on compliance and real‑world asset tokenization, is gaining traction, and Mastercard’s involvement signals mainstream payment acceptance, while BVNKFinance’s participation shows growing interest from fintech firms in stablecoin‑backed services.

“Great progress with @Mastercard and @BVNKFinance building on @arc and @USDC”

— Jeremy Allaire (@jerallaire) on X · X ↗

Jeremy Allaire is not affiliated with COINMAG. The quote comes from a public post on X; the context was written by the COINMAG newsroom.