Circle Deploys $649M USDC on Its Own Mainnet Arc

Stablecoin issuer Circle has deployed $649 million in USDC and $7 million in EURC to its own mainnet Arc, according to CryptoBriefing. The USDC will be used for gas fee payments on the Arc mainnet. Meanwhile, Circle completed the issuance of 1 billion ARC tokens upon Arc's launch, though no public release or specific use cases have been confirmed yet.