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Circle said on June 1 that it will soon launch a native version of its USD Coin (USDC) stablecoin on the Arbitrum blockchain. The new version of USDC will be “native to Arbitrum” and added that this asset will be considered Arbitrum's official version of USDC, according to Circle.
Financial technology firm Circle announced on Thursday that the launch of its USD Coin (CRYPTO: USDC) on the Arbitrum (CRYPTO: ARB) platform is June 8. In this new arrangement, USDC issued by Circle will be recognized as the official version within the Arbitrum ecosystem.
USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network.
Crypto News: In recent times, crypto industry titan Circle has been on a launch frenzy for its USDC stablecoin on a number of other blockchain networks. The stablecoin issuer made the announcement on Thursday that it is going to introduce USDC natively on the Arbitrum Layer 2 network, rendering it to be the official version
The native Arbitrum-based version of USD Coin by Circle is set to replace the existing token that bridges USDC liquidity from Ethereum (ETH). The token will play an important role in the upcoming cross-chain developments scheduled by Circle.
Stablecoin issuer Circle will launch USDC, its dollar-based stablecoin, on Arbitrum this June 8th. Circle states that this version of USDC will eventually replace the currently circulating bridged version of USDC that comes from Ethereum – which becomes USDC.e.
Circle said that it would deploy USDC natively on Arbitrum, making it the official version in the Layer 2 ecosystem and replacing previously bridged liquidity.
Circle says the benefits of native USDC include new support to eliminate bridge withdrawal delays and the possibility for institutional on and off-ramps
Arbitrum price analysis is indicating a decline in price today. The bears have won the leading position as the selling pressure has formed again and the price is decreasing again.
Arbitrum (ARB), a dominant Ethereum L2 scaler, now supports Bitcoin-Ethereum bridge mechanism tBTC. It will advance the speed of transactions with BTC lquidity and make them more cost efficient.
The WOO token can now be staked “across seven chains to earn USDC on Arbitrum from WOOFi swap fees.” As noted in a blog post, WOOFi Stake 1.
Arbitrum (ARB) price has rebounded 13% from the $1.10 support level to reach $1.24 on Tuesday morning. After playing catch-up in the first half of May, bullish Arbitrum whales now appear to have seized control of the market.
Layer 2 (L2) solutions enable blockchain networks to be scaled and costs reduced. This post will look at the top 5 Layer 2 coins.
SmartMoney, this individual has demonstrated an exceptional talent for buying $ARB at low prices and selling at high prices.
The latest Arbitrum price analysis is showing signs of a bullish recovery as the price has rejoined its former level today. The price had been consistently improving in the last week as a strong uptrend was following the market.
ARB bounced off the $1.106 support level with buying pressure propelling it toward $1.299 resistance. Is fate favoring the bulls?
On Sunday, 28 May at 2:30 AM, Jimbos, a decentralized crypto protocol based on Arbitrum, was hacked for 4,090 Ether, corresponding to over $7.7 million.
The Arbitrum price analysis is bullish today as the market witnessed a considerable improvement in the price levels. The bulls led a rally that elevated the price levels to the $1.27 range.
Version 2 of Jimbos protocol was attacked over the weekend for $7.3 million, just days after going live.
Security breach in Jimbos Protocol, a liquidity protocol operating under the Arbitrum system, resulted in a significant loss of 4,000 Ether (ETH), approximately worth $7.5 million, on May 28.
BTC and stocks look to rally after US lawmakers potentially reach a deal on the debt ceiling.
In a shocking development, Jimbos, an Arbitrum liquidity protocol, was recently breached by an unidentified hacker. The cybercriminal made off with 4090 Ethereum (ETH), which equates to roughly $7.5 million at current rates.
Jimbo's Protocol, built on the Arbitrum network, fell victim to a devastating hack. The attack resulted in the loss of approximately $7 million worth of Ethereum (ETH), sending shockwaves through the crypto community.
The cryptocurrency industry witnessed another massive security attack, with the Jimbos protocol being the latest victim. The suspected hack breached the Arbitrum liquidity protocol, resulting in enormous losses of around 4,000 Ethereum (ETH), worth around $7.5M. Meanwhile, blockchain security company PeckShield highlighted the exploit, revealing crucial protocol weaknesses.
