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  "raw_markdown_url": "https://finwiki.zksc.io/fintech/issuer-distributor-incentive-realignment-arc-strategy.md",
  "domain": "fintech",
  "title": "Circle Arc 戦略 · 発行体と分配者の経済性",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "Circle Arc 戦略 · 発行体と分配者の経済性",
    "aliases": [
      "issuer distributor incentive realignment arc strategy",
      "Circle Arc distribution economics",
      "USDC self-L1 economics"
    ],
    "domain": "fintech",
    "type": null,
    "created": "2026-05-18",
    "last_updated": "2026-07-30",
    "last_tended": "2026-07-30",
    "review_by": "2026-10-30",
    "confidence": "confirmed",
    "tags": [
      "fintech",
      "circle",
      "arc",
      "coinbase",
      "stablecoin-l1",
      "distribution"
    ],
    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "https://investor.circle.com/news/news-details/2025/Circle-Launches-Arc-Public-Testnet/default.aspx",
      "https://www.circle.com/pressroom/circle-reports-second-quarter-2025-results",
      "https://www.sec.gov/Archives/edgar/data/1876042/000187604226000062/crcl-20251231.htm",
      "https://www.sec.gov/Archives/edgar/data/1679788/000167978826000015/coin-20251231.htm"
    ]
  },
  "summary": "This entry sits under fintech index. Read it with issuer / distributor model, stablecoin-chain trilemma, and CCTP v2.",
  "headings": [
    "Circle Arc 戦略 · 発行体と分配者の経済性",
    "Wiki route",
    "確認できる Arc の状態",
    "Coinbase 契約で確認できること",
    "事実と分析の分離",
    "適切な戦略仮説",
    "追跡指標",
    "Related",
    "Sources"
  ],
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      "https://finwiki.zksc.io/ja/fintech/stablecoin-chain-token-strategy-trilemma/",
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