Circle Mulls Native Token for Arc Network As Q3 Profit Surges

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Stablecoin issuer Circle, the company behind the USDC dollar-pegged stablecoin, is planning a native token for its ARC layer-1 blockchain testnet, an enterprise-focused Ethereum Virtual Machine network.

Circle launched the Arc testnet in October, with participation from investment bank Goldman Sachs, asset manager BlackRock, credit card company Visa and over 100 other companies. 

The company, which disclosed plans for the new token alongside its earnings on Wednesday, initially planned to center gas fees on the Arc network around USDC (USDC) and other…



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Circle Mulls Native Token for Arc Network As Q3 Profit Surges


Stablecoin issuer Circle, the company behind the USDC dollar-pegged stablecoin, is planning a native token for its ARC layer-1 blockchain testnet, an enterprise-focused Ethereum Virtual Machine network.

Circle launched the Arc testnet in October, with participation from investment bank Goldman Sachs, asset manager BlackRock, credit card company Visa and over 100 other companies. 

The company, which disclosed plans for the new token alongside its earnings on Wednesday, initially planned to center gas fees on the Arc network around USDC (USDC) and other…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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