Circle deploys $649M in USDC on Arc mainnet

Circle has deployed $649 million worth of USDC and $7 million worth of EURC on its Arc mainnet, Crypto Briefing reported. USDC is used to pay gas fees on the Arc mainnet. Circle had also completed the issuance of 10 billion ARC tokens alongside the Arc mainnet launch, but said a public token launch and specific use cases have not yet been decided.