Extended moves $120M TVL from Starknet to Circle's Arc with USDC and cirBTC collateral
- —Migration completed on October 22, 2026, at 13:00 UTC with open positions intact
- —About $120 million in TVL moved from Starknet to Arc
- —USDT and wBTC dropped; holders could convert 1:1 plus a 0.50% premium
- —Arc is Circle's EVM L1 with USDC gas and sub-second deterministic finality
Why it matters: A major perps venue shifting settlement to Circle's L1 deepens USDC and cirBTC as the collateral base for derivatives trading.
Source: Crypto Briefing