$Circle Internet Corp.(CRCL)$  This customer migration isn't theoretical anymore, it's playing out in the market in a measurable way. Over 80% of USDC adoption and volume is now coming from outside the United States, with businesses in Europe, Asia, and emerging markets bypassing the traditional Western banking system to treat USDC as a modern, friction-free Eurodollar. That steady corporate onboarding has kept total USDC circulation growing even through broader crypto volatility, which means big bank customers are migrating to Arc.

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