Arc’s USDC Supply Tops $1 Billion After a 30-Day Increase
Photo: TokenPost
USD Coin (USDC) supply on Arc crossed $1 billion on Oct. 27 after rising roughly 109% to 112% over a 30-day measurement window, even as global stablecoin supply contracted in late October. By early November, Arc held about $1.088 billion in USDC out of roughly $1.098 billion in total stablecoins. USDC represented 99.18% of the total, leaving about $10 million in other stablecoins based on the rounded figures. The readings measure balances on Arc; they do not show how many people use the network or how often they transact. Arc’s public mainnet launched Sept.
Source: TokenPost
