Stablecoin issuer Circle has announced that it will release an original version of USD Coin (USDC) for its Arbitrum (ARB) network.
Circle posted on its official website on June 1st, USDC’s Ethereum (ETH) layer-2 solution for the Arbitrum local One version of will be established and on 8 June current bridged version with will be changed explained.
Circle on Arbitrum network to local version your transition faster transactions executable and upgradeable smart contracts stated that it would enable The company also has Circle and work partners by corporate exit ramps also to the creation will allow stressed.
And also Arbitrum-based USDC Always 1:1 pegged to USD aspect that you will stay was also underlined.
pass next bridged old version “USDC.e” aspect reported to be renamed. At this point, local Ethereum-based from USDC to USDC seamless One liquidity transition for Arbitrum ecosystem applications It was stated that he would work with
Arbitrum Following the transition to USDC-based USDC, Circle’s Network Transfer Protocol (CCTP) Arbitrum into your network plans to bring fast stated that it will happen.