Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Arbitrum Orbit Chains Now Support Bridged USDC as Custom Gas Token

Arbitrum Orbit Chains Now Support Bridged USDC as Custom Gas Token

Cryptonews2024/08/06 16:00
By:Hongji Feng
Arbitrum Orbit Chains Now Support Bridged USDC as Custom Gas Token image 0

Arbitrum Orbit chains now support bridged USD Coin (USDC) as a custom gas token.

According to a press release , this integration enables users to pay transaction fees with the stablecoin to enhance transaction convenience and stability within the Arbitrum ecosystem.

Bridged USDC for Stability and Accessibility


The release stated that builders could quickly set up Orbit chains using bridged USDC as a standard configuration, benefiting from the price stability and wide acceptance of the coin.

This change would remove the necessity of holding various tokens just to cover gas fees, simplifying the transaction process and enhancing user experience.

With more than $1.6 billion in native USDC on Arbitrum, using bridged USDC as a gas token makes it easier for new projects and users to engage with Arbitrum Orbit chains.

Developers can start building on Arbitrum Orbit chains using platforms like AltLayer , Caldera, Conduit, and Gelato. Support from Ankr, a decentralized cloud computing platform, and Alchemy, a blockchain development platform, will be available soon.

Additionally, developers leveraging the stablecoin as a gas token on Orbit chains can apply for the USDC Grant Program at Circle, which offers financial support for projects that enhance the Arbitrum ecosystem.

Ubisoft and Arbitrum Introduce New Web3 Game


The developer of Assassin’s Creed, Ubisoft, recently announced that it will collaborate with Arbitrum and Sequence to develop their latest web3 video game, Captain Laserhawk: the G.A.M.E.

The title is based on the Netflix series Captain Laserhawk: A Blood Dragon Remix and will feature characters from popular franchises, including Assassin’s Creed and Rayman.

Arbitrum will supply the crucial blockchain infrastructure, guaranteeing the game can accommodate a large and engaged community.

“With Arbitrum’s supercharged blockchain infrastructure and Sequence’s full web3 stack as the foundation, Captain Laserhawk: the G.A.M.E. is poised to be a groundbreaking player-driven project,” said Ubisoft Labs VP Nicolas Pouard.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin

MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.

The Block2024/11/21 16:11

Gold loses luster as institutional demand fuels bitcoin price surge, analysts say

Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.

The Block2024/11/21 16:11

SEC is 'engaging' Solana ETF applicants: report

SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.

The Block2024/11/21 16:11