Circle’s Arc Crosses $1 Billion in USDC
Photo: Bitcoinist
Circle’s Arc blockchain has passed $1 billion in USDC holdings, just six weeks after its mainnet launch. It’s definitely an impressive start for a network built around stablecoin payments, but a closer look at where the money sits raises an interesting question: how much of that growth reflects actual adoption? As we all know, most of the USDC is concentrated in a handful of wallets, while a big portion of the network’s activity comes from trading platforms moving capital onto Arc. The figures offer an early glimpse of Circle’s ambitions in blockchain infrastructure.
Also reported by The Defiant.
Source: Bitcoinist
