Arc Stablecoin Market Capitalization Rises as Global Total Falls

Stablecoin market capitalization on Circle’s Arc network reached $830.41 million in an Oct. 23 reading, rising 33.52% over seven days while the broader all-chain total fell 0.67% to $300.868 billion. Arc’s tracked value increased during a week when aggregate stablecoin capitalization across chains declined. USD Coin (USDC) represented $820.26 million of Arc’s total, or 98.78%. EURC stood at $9.39 million, while Agant GBP (GBPA) was valued at $768,061. The figures show that Arc’s tracked stablecoin capitalization was concentrated in USDC, with substantially smaller amounts in the other listed assets. An earlier Arc reading put capitalization at $670.74 million on Oct.