USDC Now Available Natively on Arbitrum

Circle Internet Financial has announced that USDC, a stablecoin, is now natively available on the Arbitrum network, a layer 2 scaling solution for Ethereum developed by Offchain Labs. This integration enables developers and businesses to access USDC through Circle Account and Circle APIs, benefiting from Arbitrum's faster settlement times and lower costs without the need for bridging. Arbitrum, which uses Optimistic Rollup technology, supports decentralized applications while maintaining Ethereum's security and has over $2.2 billion in Total Value Locked as of June 7, 2023. The introduction of native USDC on Arbitrum allows businesses to broaden their customer base, access crypto capital markets, and facilitate smoother transitions from bridged USDC, known as USDC.e, to native USDC over time. This development supports various use cases like global payouts, trading, and e-commerce, with Circle facilitating seamless blockchain interoperability through its services.

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