
Arbitrum, a prominent Ethereum Layer 2 scaling solution, has announced a partnership with Circle, a financial services company, to integrate Circle’s bridged USDC as a custom gas token on Arbitrum Orbit blockchains. This integration aims to enhance user experience by providing a stable and predictable gas fee environment, eliminating gas price volatility, and increasing accessibility. The move allows developers to use USDC as a custom gas token, which is expected to facilitate the creation of new applications, particularly those requiring payment rails for a frictionless user experience. The deployment of USDC as a gas token is available on Caldera chains within Arbitrum Orbit, and it is seen as a significant step forward in improving the crypto user experience by offering easier payments and enhanced stability. This development also taps into the substantial liquidity available on Arbitrum, with over $1.6 billion in assets, and features block times ranging from 150 to 250 milliseconds. Conduit is also involved in the deployment, and the initiative is DAO approved.
Available now, USDC for gas on orbit chains deployed with @conduitxyz Easy UX, transact directly in $ 😉 Project [REDACTED] and [REDACTED] are live on mainnet and are using it! https://t.co/KrvM3i03Yp
Arbitrum infra is the staple for consumers Orbit chains can use $USDC as a gas token to simplify onboarding users w/ access to - greater liquidity (Arbitrum is a top chain with stables) - easier payments (stable gas price) On top of that Orbit chains - Have 150-250ms block… https://t.co/nTTZPhLmIX
Deploy with USDC as a native gas token today on @arbitrum orbit chains Exclusively on @base for the next week, coming to other settlement layers soon We already have mainnets deployed with this config 🤯 https://t.co/Tr1Xf1CYmR