Arbitrum has partnered with Circle to incorporate USDC as a custom gas token for Orbit Chains. This collaboration aims to enhance transaction processes within the ecosystem by offering users greater convenience, price stability, and accessibility. The integration of USDC streamlines payments, ensuring stable and predictable gas costs while boosting liquidity and accessibility on Arbitrum. This move also simplifies user interactions by eliminating the need for USDC conversions. Additionally, it opens up opportunities for projects to apply for Circle's USDC Grant Program. The Arbitrum DAO's Orbit expansion proposal has received strong support from the crypto community, driven by the need for diversification and stability in DeFi projects. Hedgey is currently investigating an exploit on its platform, with only 17% of its USDC held on Base. CryptoSlate's market report explores stablecoin distribution metrics in the $164 billion market cap. Disclaimer: The opinions expressed in this article are those of the writers and do not constitute investment advice. Readers are advised to conduct their own research before engaging in cryptocurrency trading. Read more AI-generated news on: https://app.chaingpt.org/news

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