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XyloNet is the money app on Arc: exchange any token, bridge USDC with Circle CCTP v2, and pay anyone on X in USDC.
XyloNet is a stablecoin front-end for Arc, Circle's Layer 1 where USDC is the gas token. It does not run its own AMM: exchanges and any-token bridges are routed through LI.FI, native USDC bridging uses Circle's CCTP v2, and PayX is a small non-custodial contract that lets you pay an X handle in USDC.
Gas is paid in USDC. If you hold USDC on Arc you can use everything here; no other token is required.
Arc finalises blocks in under a second, so exchanges, bridges into Arc and payments settle almost instantly.