Arc stablecoin supply jumps 33.51% to $830 million as global float dips

Arc’s stablecoin supply expanded sharply over the past week, increasing 33.51% to reach approximately $830.34 million, according to DefiLlama data. This surge stands in contrast to a slight contraction in the total global stablecoin supply, which declined by $1.25 billion during the same period to roughly $304.89 billion. Almost all of the stablecoin supply on Arc comes from Circle’s USDC, which alone accounts for around $821 million. This figure represents nearly 98.9% of Arc’s total stablecoin float, marking a weekly gain of around 34% for USDC on this network.

Also reported by Live Bitcoin News.

Source: CoinTurk News