Arc is now available in the Crypto.com app for USDC deposits and withdrawals. The network also uses USDC to pay transaction fees.
Arc is a layer-1 blockchain.
Built for financial-market use and real-time money movement, Arc opened its public mainnet Sept. 16.
Arc’s stablecoin market capitalization was $670.74 million late Oct. 19, according to an earlier EconoTimes report. USDC accounted for $661.54 million, or 98.63%, of the total. Those figures measure assets on the network, not user counts or transfer activity.
