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Businesses that have an account with Circle can now access Arbitrum USDC and “readily swap USDC across supported chains - avoiding the costs and delays associated with bridging,” said Circle’s official Twitter account. Several key applications will support Arbitrum USDC like Aave, Balancer, Camelot, Coinbase, Curve, GMX, Radiant, Trader Joe
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The launch of USDC on Arbitrum will replace the currently circulating bridged version of USDC that comes from Ethereum. In an announcement on Thursday, June 1, stablecoin issuer Circle announced its plans to launch the native version of its USDC stablecoin on the Arbitrum blockchain network. USDC on Arbitrum As per the official
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Circle recently announced plans for a June 8 launch of a new native version of its USD Coin stablecoin on the Arbitrum network.1/ Circle is launching USDC natively on @Arbitrum on June 8th! Keep scrolling or read the blog to learn more about this launch and how to migrate liquidity from
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This is a significant change since the end of April, when the fund held more than $30 billion in U.S. Treasury bonds, according to Circle’s monthly attestation. The last Treasury bond worth $4 billion among the fund’s holdings matured on Tuesday, the fund’s website showed. Source
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The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows.In the past 12 months, Circle's USD Coin (USDC) has
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Stargate, the LayerZero cross-chain bridge protocol, has responded to the recent “force majeure” incident impacting Multichain, as well as the stability concerns surrounding anyUSDC, Fantom's main USDC asset. To address these concerns and safeguard the ecosystem, Stargate has introduced a comprehensive proposal and initiated a single-choice voting system for risk mitigation
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto exchange giant Coinbase has begun offering zero-fee USDC trading for users in Singapore. The initiative followed a survey showing an increasing level of crypto adoption. Coinbase announced the feeless USDC trading for its Singapore customers in
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Ignore the doomsayers. The United States is still the world’s leading economy and will remain so in the future. With its global talent pool and world-class institutions, the U.S. has a competitive edge in virtually every emergent technology. Web3 is no exception. Despite its advantages, America is bungling its chance to
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Amid the current banking crisis in the United States, stablecoin issuers like Tether and Circle have been moving their reserves to the safest instrument i.e. US Treasury. In a recent development, USDC stablecoin issuer Circle has reported that it has recently adjusted its reserve treasury in order to avoid the risks
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