Aave to launch V4 protocol on Circle's Arc blockchain

Decentralized finance (DeFi) lending protocol Aave has announced plans to launch its V4 version on Arc, the proprietary blockchain of USDC issuer Circle. In response, Circle CEO Jeremy Allaire said he is excited to see Aave V4 in the Arc ecosystem, describing Aave as one of two important next-generation infrastructures for the future of DeFi.