USDC on Circle's Arc Blockchain Surpasses $1 Billion

According to a TechFlow report on October 28, citing The Defiant, DefiLlama daily data shows that USDC on Arc, a blockchain launched by Circle, has surpassed $1 billion, with the network's stablecoin market cap growing 32% in one week. However, on-chain holdings remain highly concentrated, with approximately 73% of USDC held by 4 addresses.

Source: TechFlow