Arc Mainnet Surpasses $371.67 Million in USDC Within Two Hours

Arc Mainnet's on-chain USDC balance has reportedly reached 371.67 million USDC just two hours after launch, according to PANews citing cryptocurrency influencer Ai姨's monitoring. The report states this amount represents approximately 0.5% of the total circulating USDC supply, with around 176,000 addresses on Arc. Arc officially announced its mainnet launch date as September 16 on its blog. PANews also noted that some users moved USDC to Arc ahead of the mainnet launch at premiums of 80-100%, suggesting the target meme coin would need to double in market capitalization to reach breakeven.