[Circle Discloses Latest Arc Network Progress: Genesis Minting of 10 Billion ARC Tokens Completed, Transition to PoS Planned for 2027] Odaily Planet Daily reports that Circle has disclosed the latest progress of its Arc network, completing the genesis minting of 10 billion ARC tokens, becoming the first publicly traded company to mint network tokens for a new Layer 1 blockchain. ARC will be used for network security, utility functions, and governance. Arc plans to transition to a Proof-of-Stake (PoS) mechanism in 2027. Furthermore, the Arc public mainnet launched on September 16th, attracting over 100 institutions and ecosystem builders on its first day and natively integrating USDC. Future development will focus on PoS, privacy protection, and scalability. In terms of the ecosystem, the Arc developer community has over 75,000 Arc House members and 10,000 Architect Ambassadors, with over 1,200 projects built during the private mainnet phase.