Arbitrum Orbit Chains Now Support Bridged USDC as Custom Gas Token

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Hongji Feng

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Hongji Feng

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Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

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August 7, 2024

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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.

Arbitrum 🤝 @Circle

Arbitrum Orbit chains can now use USDC as a custom gas token

This opens the door for new types of apps to be built, including ones requiring payment rails for a frictionless user experience!#OnlyOnArbhttps://t.co/5BRXrgc8dF pic.twitter.com/vxWH2qCQUU

— Arbitrum (💙,🧡) (@arbitrum) August 7, 2024

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.