
Circle's Arc leads stablecoin growth in first week after launch
- —$649 million in USDC and $7 million in EURC were placed on Arc at launch
- —More than 100 participants joined the ecosystem, including BlackRock, Visa, Mastercard and DTCC
- —Transaction finality is under one second, with a target fee of about $0.01
- —10 billion ARC was issued at genesis: 60% to the ecosystem fund, 25% to Circle, 15% to reserves
Why it matters: Arc makes USDC the base settlement asset for institutional finance, strengthening Circle's position in tokenization and stablecoin payments.
Source: Crypto Briefing