The KuCoin flash note reports that Long said Arc’s native USDC currently trades at approximately a 2x premium due to the cross‑chain bridge remaining closed and that with the launch of Arc’s public mainnet and native USDC cross‑chain bridge on September 16 this premium is expected to gradually normalize.

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“It noted that Arc’s native USDC currently trades at approximately a 2x premium due to the cross-chain bridge remaining closed, causing stock tokens priced in it to appear below the market price of the underlying stocks.”

Source: kucoin.com https://www.kucoin.com/news/flash/long-s-stock-tokens-backed-1-1-by-robinhood-stocks-current-discount-due-to-usdc-premium
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