The Circle token will facilitate Arc’s move to Proof-of-Stake, says Circle CEO Jeremy Allaire.
There are 55 financial institutions that are participating in initial testing of the Arc network.
Jeremy Allaire, CEO of Circle, announced on April 13, 2026 the upcoming launch of a governance token designed specifically for its new layer-one (L1) network in development called Arc. During a corporate event held in Seoul, South Korea, the manager confirmed that the digital asset is to structure the internal functioning of its ecosystem.
The businessman explained that the company is “exploring a token for the Arc network that helps provide governance mechanisms, incentives, and economic alignment.” This type of tokens allow their holders to vote on technical or financial decisions of a protocol. According to the executive, the ultimate goal is “to allow it to be converted into a proof-of-stake (PoS) system over time.”
In this way, the new asset will not only be used for voting, but will be essential for the operational security of the platform. Allaire added that he hopes “to be able to share more information on this in the not too distant future.”
Despite the relevance of the announcement, the technical and commercial details of the asset remain confidential. The official name that this new cryptocurrency will receive is still unknown.
Likewise, Circle has not specified whether it will be a token linked to a fiat currency or if it will have a price subject to the market. Given the lack of technical details, CriptoNoticias contacted Circle to inquire about the token. However, as of press time, the company has not provided additional details about the nature of the asset.
The Arc network, presented Initially in August 2025, it is developed for the use of stablecoins. This independent ecosystem was designed by Circle to operate autonomously and specialize in financial services.
The relevance of this project is such that Allaire considers it the company’s “most important” initiative since the launch of the USDC stablecoin.
The businessman also reported that “there are more than 55 financial institutions already connected to the network” at this time. In addition, there are another 70 organizations in the process of incorporation or under “eligibility” criteria. The manager highlighted that they have “more than 500 companies and financial institutions” interested in participating in Arc.