Circle, a stablecoin issuer, announced on Thursday that it will launch USDC natively on Arbitrum, which will become the official version in the Layer 2 ecosystem and replace bridged liquidity. The benefits of native USDC include new support to eliminate bridge withdrawal delays and the possibility for institutional on and off-ramps. The official launch will take place on June 8, and the Ethereum-bridged version of USDC on block explorers will be renamed as "USDC.e." Circle plans to bring Cross-Chain Transfer Protocol to the Layer 2 network after the launch of native USDC.
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Circle Launches Native USDC on Arbitrum, Replacing Bridged Liquidity
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