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USDC transfers rose 49% in the third quarter while average circulation increased 8%, according to crypto.news, as the stablecoin is used to pay gas on Arc. The data points to growing transaction demand for USDC, though the article questions how much of that activity stems from payments versus other uses. GASUSD was referenced in the report.
USDC Transfers Rose 49% in Third Quarter as Average Circulation Gained 8%
USDC transfers increased 49% in the third quarter, while average circulation rose 8%, according to a crypto.news report. The article, published November 5, 2026, examines the stablecoin’s use in paying gas on Arc.
Transfer Growth Outpaces Circulation
The gap between transfer growth and circulation growth indicates rising transaction demand for USDC relative to the amount in circulation. The report frames this as a question of how much of the activity reflects payments versus other uses.
Payments Demand in Question
The article’s headline asks how much demand for USDC comes from payments, suggesting the transaction data alone does not resolve the source of the activity.
Market Reference
- GASUSD was referenced in the report.
The report was published by crypto.news at https://crypto.news/usdc-pays-for-gas-on-arc-how-much-demand-comes-from-payments/.