Circle has announced that it will be launching the USDC stablecoin natively on Arbitrum on the 8th of June, 2023.
According to the company, the move will replace the bridged version of the stablecoin from Ethereum, which is currently in circulation.
Native To Arbitrum
With the announcement by Circle, USDC will be native to Arbitrum and will be the official version of the stablecoin recognized across the Arbitrum ecosystem. It will also eventually replace the bridged version of the stablecoin from Ethereum. In its statement, Circle stated that Arbitrum would rename the Ethereum-bridged version of the USDC stablecoin as USDC.e ahead of the launch of the native USDC on the 8th of June, 2023. The company added that it would also conduct an outreach to other apps in the ecosystem to make the same changes in their documentation and application UI.
“USDC issued by Circle will be native to Arbitrum and will be considered the official version of USDC for the Arbitrum ecosystem. Over tim
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