Circle to launch USDC Stablecoin on Arbitrum, Tradecurve exchange to implement AI

Prominent stablecoin issuer Circle announced that they would launch USDC natively on top of Arbitrum starting on June 8, 2023, and they will be replacing the abridged version of the stablecoin. A competing project, Tradecurve, will allow users the ability to create AI-powered trading bots with the ability to optimize the performance of their portfolios, leading to better efficiency.

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Circle to launch USDC Stablecoin on top of Arbitrum

“USDC issued by Circle will be native to Arbitrum and will be considered the official version of USDC for the Arbitrum ecosystem. Over time, native USDC liquidity will grow and replace the currently circulating ‘bridged USDC’ liquidity that comes from Ethereum.” announced Circle in their statement.

Arbitrum will be renaming the Ethereum-bridged version of USDC on block explorers, and it will now be known as USDC.e. The firm also announced that there would be an outreach to ecosystem applications that will make the same change within their in-application user interfaces and other documentation.

Moreover, Circle noted numerous benefits of the native USDC launch on Arbitrum, such as the upcoming support by the Cross-Chain Transfer Protocol (CCTP), which will eliminate bridge withdrawal delays. There will be an upgradable smart contract for any future improvements by the company and the possibility for institutional on and off-ramps, with other perks.

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Anyone Can Access AI Trading Bots to Optimize Their Portfolio with Tradecurve

Circle isn’t the only firm that is innovating with the launch of USDC on top of Arbitrum, and competing projects like Tradecurve are also implementing new ideas and innovations that can change DeFi for traders and investors.

The Tradecurve ecosystem is powered by the TCRV utility token and offers users access to features like automated trading and artificial intelligence. Users can access hundreds of algorithmic and AI trading systems through which they can enhance and optimize the performance of their portfolio.

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Author: Crypto Daily

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