Circle Founder Confirms Arc Network Will Issue Token, More Details to Be Disclosed Soon

Odaily News: Circle Founder and CEO Jeremy Allaire stated in a speech at an offline event in Seoul, South Korea (at the 31:11 mark in the video): "We are exploring issuing a token for the Arc Network (the stablecoin payment public chain being developed by Circle) to achieve governance, incentives, and economic interest alignment, and to gradually transition it to a PoS system. We hope to announce more details in the near future."