Circle’s Arc network recorded $670.74 million in stablecoin market capitalization late Oct. 19, up about $155 million in a week, with USD Coin (USDC) accounting for nearly all of the total.
Arc’s latest figures were captured at 11:09 p.m. ET on Oct. 19 (03:09 UTC Oct. 20): USDC was valued at $661.54 million, 98.63% of the network’s stablecoin total. That total was 30.05% higher than seven days earlier.
The total reflects the market value assigned to stablecoins on Arc, without identifying their owners or how the tokens were used. Tokens can be issued on the network or transferred from elsewhere, so Arc’s increase does not show a matching rise in the worldwide stablecoin market.
The snapshot does not show how much of the weekly increase came from new issuance or transfers.
Across a separate 30-day period, Arc’s stablecoin market capitalization grew by $509.2 million. That period overlaps the seven-day window, so the two increases cannot be added together.
The launch-day count was 406,006 active wallets; by week four, the daily average was 24,678. Those measurements ended Oct. 14 and do not describe activity at the time of the latest stablecoin snapshot. Wallet counts also are not counts of individual users.
A mid-October snapshot put 92% of roughly $604 million in Arc USDC across 24 addresses. Because that address data predates the latest rise, it cannot establish how the later increase was distributed.
