CIRCLE TURNS ON THE ENGINE
Explore Native Token for Arc Chain, while USDC doubles circulation and becomes profitable
The Giant Stablecoin Goes Full DeFi!
#Circle , the issuer of the second largest stablecoin in the world,
#USDC , has revealed that it is "exploring the possibility" of creating a native token for its own blockchain
#ARC , a Layer 1 chain focused on stablecoins.
The Potential Arc Token: The potential creation of a native token for Arc is part of a broader strategic initiative to incorporate more programmable finance into its blockchain ecosystem. This could open new doors for governance, utility, and network incentives.
Arc Network in Motion: The public test network Arc Layer 1 was launched on October 28. This launch was significant, as it attracted participation from over 100 prominent names from both traditional finance (TradFi) and the crypto world, focusing on key sectors such as capital markets, banking, and payments.
USDC Growth: CEO Jeremy Allaire highlighted in a post that the results reflect the acceleration of USDC not just as a currency, but as an infrastructure platform for payments and markets, reporting strong growth and an increase in market share.
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