Circle’s Q3 earnings report discusses the potential issuance of a native token on the Arc Network and notes that the quarter-end circulating supply of $#USDC reached $73.7 billion. The report indicates that Circle is exploring new opportunities within the cryptocurrency space, particularly focusing on the development of its native token. This initiative aims to enhance the functionality and utility of the Arc Network. Additionally, the report highlights the significant growth of the $#USDC circulating supply, which is a key indicator of the token’s adoption and usage in the market. Circle’s strategic moves reflect its commitment to innovation and expansion in the digital currency ecosystem.
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