Circle CEO Jeremy Allaire announced at the Circle in Seoul event that the company is advancing its native network, Arc, which is currently in the testnet phase. Circle is exploring the issuance of a network token aimed at governance, incentives, and economic alignment. Allaire highlighted that this initiative could be Circle's most significant platform-level strategic move since the creation of USDC, with plans to transition to a Proof-of-Stake (PoS) mechanism in the future.