Circle Adds Arbitrum to USDC's Web3 Infrastructure for Improved Performance
Circle's Latest Development in Web3
Circle Internet Financial, the manager of the US Dollar Coin (USDC), has made a pivotal move by integrating the layer-2 scaling chain Arbitrum into its Web3 infrastructure platform. This upgrade, announced on Sept. 12, enhances the transaction efficiency and scalability of USDC, enabling quicker and more cost-effective transfers.
Why Arbitrum Matters
Arbitrum is recognized for its ability to significantly reduce congestion and transaction fees on Ethereum. By incorporating Arbitrum, Circle aims to provide a smooth and enhanced user experience. Users can expect lower costs and faster settlements, making USDC an even more attractive option for digital transactions.
Benefits of the Integration
- Increased Scalability: Facilitates higher transaction volumes without performance drops.
- Cost-Efficiency: Reduces fees for users, making USDC transactions more affordable.
- Improved User Experience: Offers quicker transaction times to align with market demands.
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