Circle CPTO: Arc isn’t growing by moving Ethereum’s business Circle’s Chief Product and Technology Officer, Nikhil Chandhok (@chandhok), mentioned in a September 16 interview with Bankless (@Bankless) that Ethereum is the largest blockchain for USDC. Simply migrating existing business and USDC from Ethereum to Arc won’t expand the overall market. Nikhil believes that in the future, AI agents will become independent economic participants, needing to prove their completed tasks on the internet. He hopes Arc can enable agents to record their activities and use cryptographic proofs to verify their work history and actual output, thereby creating new on-chain demand. Source: Bankless