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Circle Founder Confirms Arc Network Will Issue Token, More Details to Be Disclosed Soon
Svmuu News: Circle Founder and CEO Jeremy Allaire stated in a speech at an offline event in Seoul, South Korea (at the 31:11 mark in the video): "We are exploring issuing a token for the Arc Network (the stablecoin payment public chain being developed by Circle) to achieve governance, incentives, and economic interest alignment, and to gradually transition it to a PoS system. We hope to announce more details in the near future."
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