Circle's Arc tops $700M in on-chain assets in first week
- —On-chain assets on Arc rose from $0 to $700M in the first week
- —USDC transaction volume on the network surpassed $7 billion
- —Arc's public mainnet launched on October 16 with USDC-denominated fees
- —The network targets sub-second transaction finality
Why it matters: Arc is positioning itself as infrastructure for institutional settlement and tokenized assets, strengthening USDC's role.
Source: TokenPost