Circle’s Arc Passes $1 Billion in USDC as Holdings Remain Concentrated
Edited by Steinar Vigdel Kolnes, Editor, Oslo
USDC on Circle’s Arc has exceeded $1 billion, with four addresses holding roughly 73% of the network’s supply, The Defiant reported.
Circle’s Arc network now holds more than $1 billion in USDC, according to a report from The Defiant.
The report cited DefiLlama’s daily figures showing a 32% increase in the network’s stablecoin market capitalization over one week.
Holdings remain concentrated despite that growth. Four addresses account for approximately 73% of USDC on Arc, leaving just over a quarter spread across other addresses.
Source: The Defiant
