Circle's Arc Network Tops $1 Billion in USDC Supply, But 73% Held by Four Addresses

Circle's Arc network has surpassed $1 billion in USDC supply, reaching the milestone approximately six weeks after launch. However, concentration remains high, with roughly 73% of the total USDC held by just four addresses. Arc uses USDC as its native transaction fee token. The supply figure does not necessarily reflect widespread usage or adoption across the network.