Circle Says Arc Minted 10 Billion ARC Tokens, Plans 2027 Proof-of-Stake Shift

Circle disclosed that Arc completed a 10 billion ARC genesis mint, with the token intended to support network security, utility and governance ahead of a planned 2027 proof-of-stake transition. The public mainnet went live Sept. 16 with USDC integrated natively. More than 100 institutions and ecosystem builders participated on launch day. Arc's developer community includes more than 75,000 Arc House members and 10,000 Architect ambassadors. Builders created more than 1,200 projects during the network's private-mainnet phase. The 2027 proof-of-stake shift is part of a roadmap that also prioritizes privacy and scalability. Simon Yoon reports on blockchain technology for TokenPost.