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Circle’s Arc network is now live with more than 100 banks, payments providers and apps building on it, including BNY, HSBC, Mastercard and Visa. Since mainnet launch, over $30 billion in USDC has moved on Arc, according to a company tweet citing its Q3 earnings livestream. The disclosure matters because it gives the stablecoin issuer’s proprietary chain early validation from major financial institutions and a sizable USDC transfer figure. What to watch next is whether Arc sustains that USDC volume and converts its pipeline of banks and payments partners into live production activity.

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Circle (CRCL), Arc, USDC, Visa (V), BNY, HSBC, Mastercard (MA)

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