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Crypto.com Adds USD Coin (USDC) Transfers on Arc Network

Arc launched its public mainnet Sept. 16 and uses USDC to pay network transaction fees.

By John Kim
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A silver coin rests beside a smartphone on a curved glass bridge / TokenPost.ai
A silver coin rests beside a smartphone on a curved glass bridge / TokenPost.ai

Crypto.com has added Arc as a network option for app customers moving USD Coin (USDC), enabling deposits and withdrawals over a blockchain where USDC also pays transaction fees.

Arc is a Layer 1 blockchain designed for financial-market activity and real-time money movement. Its public mainnet launched Sept. 16. Customers can select Arc when depositing USDC to the app or withdrawing it.

The addition comes amid recent growth in USDC balances on Arc. Those balances measure assets held on the network, not the number of users or transfers.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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