Circle Rolls Out Support for USDC Stablecoin on Arbitrum

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Circle Rolls Out Support for USDC Stablecoin on Arbitrum
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USDC issuer Circle Internet Financial on Thursday officially rolled out native USDC on leading layer 2 scaling solution Arbitrum, making it the ninth blockchain to support USDC. reporting

The rollout of USDC on Arbitrum comes hot off the heels of the layer 2 scaling solution experiencing ayesterday in its Sequencer software that temporarily caused the network to stop confirming transactions on-chain.

Based on an early read of the data, the total supply of USDC on Arbitrum has already reached $27.6 million, though that’s still a tiny fraction of USDC’s total supply of roughly $28.5 billion, according toThe price of ARB - the native governance token for Arbitrum - has dropped 1.5% to $1.14 in the past 24 hours, per

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