Circle Founder Confirms Arc Network Will Launch a Token; More Details to Be Disclosed Later
Source:
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Jeremy Allaire, Founder and CEO of Circle, revealed at an in-person event in Seoul, South Korea, that Circle is exploring the issuance of a token for Arc Network—the stablecoin payments blockchain currently under development. The token would serve governance, incentive, and economic alignment purposes, and support a gradual transition to a proof-of-stake (PoS) system. Allaire stated that further details will be announced in the near future.