The supply of USD Coin (USDC) on the Arc network surpassed $1 billion on October 27, marking a growth of approximately 109% to 112% over the past 30 days. This increase occurred even as the global stablecoin supply contracted in late October. By early November, Arc held about $1.088 billion in USDC, representing 99.18% of its total stablecoin supply. The Arc network, which launched its public mainnet in mid-September, uses USDC to pay transaction fees. However, the data does not clarify whether the growth is due to new issuance, transfers from other networks, or the network's fee mechanism. Notably, the top four addresses control about 73% of the USDC supply on Arc, indicating a high concentration that could influence supply figures. Future data will reveal if this rapid growth continues and how the distribution of stablecoins on Arc evolves.
The supply of USDC on the Arc network surpassing $1 billion offers context for readers following stablecoin developments. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 02, 2026 20:43 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell today. Notable movers include YFI at Rp35.420.568 with a 1-day change of -3.75% and a typical hold time of 94 days, CAKE at Rp34.506 with a 1-day change of -3.64% and a typical hold time of 75 days, and EGLD at Rp60.408 with a 1-day change of -3.62% and a typical hold time of 86 days.
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