USDC, a digital token used to settle transactions, accounted for 79% of stablecoin trading volume in the third quarter, up from 66% a year earlier, while Circle Payments Network's annualized payment volume exceeded $58 billion.

Circle Payments Network had 205 financial institutions connected.

The Arc mainnet launched Sept. 16 with 11 founding validators and more than 100 applications.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].