Circle Bringing Native USDC to Arbitrum

Breaking News
Written By Keegan King

Circle is introducing a new native USDC token for the Arbitrum network starting on June 8th. The stablecoin will replace Arbiturum’s current bridged version of USDC (which will be changed to USDC.e) from the Ethereum token so that the official cryptocurrency can be used directly with Circle’s institutional on and off ramps for fiat. 

Circle is also planning to add Cross-Chain Transfer Protocol (CCTP) support to the Arbitrum network which will allow USDC to seamlessly migrate to the Ethereum blockchain. With upgradeable smart contracts also in development, Circle is creating infrastructure to enable large-scale liquidity migration between the two blockchains

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/
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