On Friday, the Arbitrum team announced via X that USDC crosschain transfers to Arbitrum got faster with Circle’s CCTP V2. Anyone can now swap, trade, and pay with USDC seamlessly from anywhere on Arbitrum.
Furthermore, Arbitrum is now connected to the network of CCTP V2-supported blockchains, including: Avalanche, Base, Ethereum, and Linea, with support for Sonic Labs and World Chain coming soon.
Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speeds and cheaper transaction costs when interacting with web3 dApps. ARB, the native coin of the Arbitrum network, is down 1% today and is trading at $0.3175.