Circle Founder Confirms L1 Blockchain Arc Will Launch Its Native Token, More Details to Follow

BlockBeats News, April 14th, Circle founder and CEO Jeremy Allaire revealed at an offline event in Seoul, South Korea, that Circle is exploring issuing tokens for its L1 blockchain Arc Network to achieve governance, incentives, and economic alignment, and gradually transition to a PoS system.

Jeremy Allaire stated that more details will be announced in the near future.