Circle deploys $649M USDC and $7M EURC on its Arc network
- —$649 million USDC and $7 million EURC deployed on the Arc network
- —Arc mainnet launched on September 16, 2026
- —Initial validators include BlackRock, Visa, Mastercard
- —USDC is the native gas token, with fees around $0.01
Why it matters: Circle is launching its own L1 for the first time, strengthening vertical integration and competition among networks for stablecoins.
Source: Crypto Briefing