Considering issuing a new token on a USDC-focused chain? What exactly is a stablecoin-focused chain? ｜BitTrade Market Report

There was news that Circle is considering issuing tokens on the Arc Network.

According to PANews, CEO Jeremy Allaire touched on this at an offline event held in Seoul on April 14th.

While this kind of talk has surfaced intermittently recently, what's somewhat impressive this time is the in-depth discussion of governance design, incentive design, and even economic consistency.

In addition, they are considering a future transition to Proof-of-Stake (PoS), suggesting that while it's still in the "consideration stage," it feels like more than just a concept.

However, since there is very little information at the specification level, it's difficult to make a firm evaluation at this stage. Frankly, we'll have to wait for further updates.