Circle says it’s ‘exploring possibility’ of launching new token in third quarter financial report

Circle, the issuer of the $76 billion stablecoin USDC, announced on Wednesday that it’s exploring the launch of a new cryptocurrency. The token would be used for Circle’s Arc Network, the company’s layer 1 blockchain optimised for stablecoins. Details are scarce, but the company expects the token to “further align the interest of Arc stakeholders” and drive adoption of the blockchain. Circle introduced Arc in August and launched its public testnet in October, with over 100 institutions participating, in ...