Circle Considers Launching Native Token on Arc Network
- Circle Internet Group is exploring the launch of a native token for its Arc Network.
- The Arc Network is an open layer 1 blockchain optimized for stablecoin transactions, featuring stablecoin gas payments and sub-second transaction finality.
- The platform is currently in its public testnet phase, open to developers and companies for testing stablecoin-based features like instant settlements and privacy options.
- Over a hundred institutions, including major financial and tech firms, are participating in the Arc testnet to explore on-chain economic activities.
Circle Internet Group is considering launching a native token on its Arc Network to enhance participation among stakeholders as it develops this layer 1 blockchain. The network supports stablecoin transactions with features like sub-second finality and has attracted significant institutional interest during its public testnet phase.
Source (3.2)https://cryptobriefing.com/circle-arc-network-native-token-launch/?rand=59535
