USDC on Arbitrum is here! We're excited to announce that USDC is now available natively on Arbitrum, accessible to developers and users without the need for bridging. Circle Account and Circle APIs enable businesses to access USDC on Arbitrum, leveraging faster settlement times and lower costs offered by the Arbitrum network.
About Arbitrum
Arbitrum is a Layer 2 (L2) scaling solution for Ethereum developed by Offchain Labs. It uses Optimistic Rollup technology to enhance transaction throughput for decentralized apps while maintaining the security of the Ethereum blockchain.
As of June 2023, Arbitrum boasts over $2.2B in Total Value Locked (TVL), making it one of the largest networks with deep digital asset liquidity and a thriving developer ecosystem. Businesses can now utilize USDC on Arbitrum to expand their customer base, access crypto capital markets, and benefit from cost efficiency and faster transactions.
Native vs. Bridged USDC on Arbitrum
Circle introduces USDC to new blockchains to provide developers with a stable, native foundation. Native USDC is officially issued by Circle and redeemable 1:1 for US dollars.
In contrast, bridged USDC (USDC.e) on Arbitrum originates from Ethereum and is not issued by Circle.
Native USDC on Arbitrum
- Token Name: USD Coin
- Token Symbol: USDC
- Token Address:
0xaf88d065e77c8cC2239327C5EDb3A432268e5831
Bridged USDC on Arbitrum (from Ethereum)
- Token Name: Bridged USDC
- Token Symbol: USDC.e
- Token Address:
0xFF970A61A04b1cA14834A43f5dE4533eBDDB5CC8
Arbitrum is collaborating with ecosystem apps to transition liquidity from bridged USDC to native USDC smoothly.
Powering New Use Cases
Exchanges, fintechs, traders, and developers can leverage USDC on Arbitrum via Circle Account and APIs for:
- Global programmatic payouts in seconds.
- Trading, borrowing, and lending on platforms like Camelot, GMX, and Uniswap.
- E-commerce payments, NFT marketplaces, and crypto gaming.
Circle's multi-chain support also enables seamless swaps across 9 supported blockchains.
Get Started Today
Businesses can access USDC on Arbitrum by opening a Circle Account.
FAQs
1. What is native USDC on Arbitrum?
Native USDC is issued directly by Circle on Arbitrum, ensuring 1:1 redeemability for USD without bridging.
2. How does bridged USDC (USDC.e) differ?
Bridged USDC is transferred from Ethereum and not issued by Circle, though it remains widely used.
3. Why choose Arbitrum for USDC transactions?
Arbitrum offers faster settlements, lower fees, and deep liquidity, making it ideal for DeFi and payments.
4. How can businesses integrate USDC on Arbitrum?
Via Circle Account or APIs, enabling payouts, trading, and payment processing.
👉 Start using USDC on Arbitrum now
5. Is native USDC replacing bridged USDC?
Arbitrum is facilitating a gradual liquidity transition to native USDC for ecosystem stability.
6. Which platforms support USDC on Arbitrum?
Major DeFi apps like Uniswap, GMX, and Camelot integrate native USDC for trading and lending.