Circle to Launch $USDC Natively on Arbitrum on June 8th

Stablecoin issuer Circle announced that it will launch native $USDC on Arbitrum on June 8th, 2023, which will become the official version of $USDC recognized within the Arbitrum ecosystem and will eventually replace the bridge version of $USDC from Ether currently in circulation. 

In addition, ahead of the launch of native $USDC on June 8th, Arbitrum will be renaming the Ethereum-bridged version of $USDC on block explorers as “$USDC.e”. Arbitrum Bridge will not change immediately and will continue to operate normally for bridging $USDC to and from Ethereum. 

Circle plans to bring Cross-Chain Transfer Protocol (CCTP) to Arbitrum after the launch of native $USDC. Upon integration into the Arbitrum Bridge, this will enable $USDC to move natively to-and-from Ethereum (and other supported chains) in minutes.