USDC pays for gas on Arc. How much demand comes from payments?

USDC transfers rose 49% in the third quarter, while average circulation rose 8%. Circle’s Arc gives payment firms a place to pay network fees and settle transfers in USDC, but the amount they need to hold will depend on how quickly they can reuse incoming funds and whether they have to pay customers before money arrives. USDC has recorded $13.9 trillion in third-quarter onchain transfers, up 49% from a year earlier, while average circulation rose 8% to $73.3 billion. The gap gives Circle’s Arc blockchain a concrete test.

Source: crypto.news