Circle integrates Arbitrum into its Web3 platform

- Circle, the USDC stablecoin manager, has added Arbitrum support to its Web3 infrastructure.

- Developers can now create USDC-enabled wallets for global payments and gaming.

- Arbitrum is the largest layer-2 on Ethereum with a TVL of about $2.5 billion.

- Competition with USDT is intensifying: USDC has a market cap of $35 billion versus USDT's $118 billion.

- PayPal has also entered the race with its PYUSD.