Circle is launching the ARC token, not just a simple coin drop.

They're designing a profit-sharing mechanism for the entire Arc network: developers, financial institutions, end users, and governance participants are all included in the ecosystem.

At the same time, Circle is holding onto 25% of the ARC.

Essentially, Circle is no longer just the parent company of USDC.

They're building a superflywheel of: stablecoins + payments + on-chain capital markets + financial infrastructure.