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Circle says it has minted 10bn ARC tokens at genesis for its Arc network

NewsFeeds update

Circle said it has completed the genesis mint of 10bn ARC tokens, making it the first listed company to mint a network token for a new Layer 1 blockchain. ARC will be used for security, utility and governance, with Arc due to move to proof-of-stake in 2027; the public mainnet launched on 16 Sept with native USDC.

AltcoinsOdailyAINeutral

Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.