[Arc Open-Source USDC Lending Example Application] Foresight News reports that Circle's L1 network Arc has open-sourced a USDC lending example application based on the Borrow Kit. The example covers the complete process, including discovering markets, calculating loan amounts, depositing cirBTC as collateral, borrowing USDC, monitoring health factors, repayment, and liquidation. According to the official statement, developers do not need to write custom smart contracts or maintain direct integration with the lending protocol.