Arc stablecoin market cap grows by $155M in past week

Circle's Layer-1 chain pushed its stablecoin supply past $670 million, even as daily active wallets have dropped sharply since launch Arc, the Layer-1 blockchain built by Circle, just had a very good week for stablecoin supply. Its stablecoin market cap reached approximately $670.75 million on October 19, 2026, a 30.05% jump from the week before. That works out to roughly $155 million in fresh stablecoins in seven days. For a chain that went live barely a month ago, that is a brisk pace. The catch is that the money and the people are moving in opposite directions. Stablecoins are piling in while daily active wallets have reportedly fallen 94% from their launch-week peak. If you were wondering which stablecoin powers Arc, the answer will not shock you.

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