USDC supply on Arc tops $1B after 109.4% jump in 30 days
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USDC supply on Arc, the layer-1 blockchain developed by Circle, surpassed $1 billion after a 109.4% increase over the past 30 days, according to Crypto Briefing. The growth comes despite an overall contraction in the broader stablecoin market, making Arc's expansion an outlier. The surge underscores Arc's rising role in Circle's ecosystem, though analysts flag potential volatility risks stemming from concentrated USDC holdings among a small number of addresses and the chain's heavy dependency on a single stablecoin. Market watchers will be monitoring whether supply growth sustains as the stablecoin market remains under pressure, and how address concentration evolves as the network matures.
Muhabbit's AI wrote this summary in its own words from Crypto Briefing's report. It can get details wrong, so check the source.
Named in this story
Arc, USDC