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Circle Arc USDC balance tops $1 billion, up 32% in a week

Circle network Arc’s USDC balance has exceeded $1 billion. Blockchain media outlet The Defiant reported that Arc’s USDC holdings have been growing quickly, emerging as a key liquidity venue on the network. Arc is a layer-1 blockchain launched on a public mainnet in September, designed to support financial transactions such as payments and remittances. Data cited showed stablecoin market capitalisation rose 32% in a week, while about 73% of Arc USDC sits in the top four addresses.