Circle opens Arc mainnet as traders await memecoin wave
- —Circle raised $222 million in Arc's token presale at a $3 billion valuation
- —Arc validators: BlackRock, Visa, Mastercard, Galaxy, SBI, Standard Chartered
- —Robinhood Chain generated $563.9 million in daily DEX volume in the week after launch
- —USDC's market capitalization stands at $74.2 billion
Why it matters: Arc's launch could shift some speculative activity to an institutional L1 and boost demand for USDC.
Source: BeInCrypto KR