Arbitrum Orbit Now Supports Payments with USDC
Bridged Stablecoin Is Now a Custom Gas Token
In a move that will make it easier for new projects and users to interact with Arbitrum, the platform has announced that it now supports USDC as a custom gas token. This means that developers building on Arbitrum's Orbit infrastructure can now use USDC to pay for gas fees.
A Growing Ecosystem
The integration of USDC as a gas token is a significant development for Arbitrum. It is the second-largest stablecoin by market capitalization, and its addition to the Arbitrum ecosystem will make it easier for users to interact with the platform and its applications.
This update also allows these chains to charge gas fees using any ERC-20 token, which gives developers more flexibility and control over their gas costs.
The Arbitrum team announced the news in a blog post on Wednesday. In the post, the team said that it has collaborated with Circle, the issuer of USDC, to support the use of bridged USDC as a custom gas token for Orbit.
This is a major development for Arbitrum, as it will make it easier for users to interact with the platform. USDC is one of the most popular stablecoins in the world, and its addition to Arbitrum will make it easier for users to pay for gas fees and interact with dApps on the platform.
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