Circle plans native token for Arc blockchain as Q3 profit surges
- BLOCKCHAIN
- BUSINESS
Overview
Circle, the issuer of a prominent stablecoin, is set to introduce a native token for its Arc blockchain. This decision comes in the context of a significant increase in profits for the company in the third quarter.
What Happened
Circle has decided to develop a native token specifically for its Arc blockchain. As part of its strategic vision, the company has contemplated implementing stablecoin-denominated gas fees on the Arc platform. However, the long-term objective is to transition towards a model of distributed governance.
Impact on the crypto market
- The introduction of a native token could enhance the functionality and appeal of the Arc blockchain.
- Stablecoin-denominated gas fees might attract more users and developers to the platform.
- The shift towards distributed governance aligns with broader trends in decentralization within the crypto space.
- Increased profits for Circle may bolster investor confidence and interest in the company’s initiatives.
- The move could influence other blockchain projects to consider similar governance models or fee structures.
Updated: 11/13/2025, 8:31:26 AM