JAKARTA - Circle, USDC stablecoin publisher announced its plans to launch the original USDC version on the Arbitrum blockchain network. The currently circulating USDC version will be replaced by the original token running on the Arbitrum network.
Circle plans to rename the existing Ethereum-based USDC version to "USDC.e", while its original version in Arbitrum will be called "USDC". The goal of this shift is to speed up transactions using cross-border transfer protocols (CCTP) and bring liquidity together. Circle faces several challenges in the stablecoin market, but manages to overcome the situation well.
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This announcement indicates a strategic step from Circle to leverage the potential of the Arbitrum blockchain network and increase efficiency in transactions using USDC. By accelerating asset transfers between blockchains and providing better liquidity, USDC is expected to be a more attractive option for users in the crypto ecosystem.
Although Circle has faced challenges in the stablecoin market, they remain committed to continuing to innovate and deliver better solutions. The launch of the original USDC version in Arbitrum is a step that is expected to strengthen Circle's position in the stablecoin market and increase user confidence.
With the support of the Arbitrum team, the launch of USDC on the blockchain network is expected to run smoothly and provide significant benefits for USDC users. Circle will continue to operate normally to bridge USDC between Ethereum and Arbitrum, thus ensuring smooth availability of liquidity for users.
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