Circle Mints ARC Token for Arc Blockchain

Circle has minted the ARC token for its Arc blockchain, becoming the first publicly traded company to mint a network token for a new blockchain. The network is currently operating under a Proof of Authority system with a potential transition to Proof of Stake under consideration. The ARC token is not currently available for public use, trading, staking, or governance. The blockchain is currently live with approximately 100 protocols and institutional partners, including Aave, Morpho, Uniswap, BlackRock's BUIDL, and Circle's USYC.