Circle's founder has confirmed that Arc Network will issue its own cryptocurrency; more details will be revealed later.

CoinFeed reported on April 14th that Circle founder and CEO Jeremy Allaire revealed at an offline event in Seoul, South Korea, that Circle is exploring issuing tokens for its developing stablecoin payment public chain, Arc Network, aiming to align governance, incentives, and economic benefits, and gradually transition to a Proof-of-Stake (PoS) system. Allaire stated that more details will be released in the near future.