Stablecoin $USDC by circle goes live on arbitrum $ARB natively Arbitrum
Just like other versions of USDC launched"natively" across various EVM-compatible blockchains, the Arbitrum-based token will be fully reserved and redeemable 1:1 for U.S. Dollars from Circle treasury. Institutions will be able to use them as a native on- and off-ramp to the blockchain.
The value migration from the previous version of USDC stablecoin will be organized by Arbitrum, together with the decentralized applications of its ecosystem:
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