USDC-issuing Circle adds arbitrage to its Web3 platform

USDC issuer Circle has officially announced that its Web3 infrastructure platform will support Arbitrum.
On the same day, through Circle's blog, the company announced that it would integrate Arbitrum, a layer 2 extension chain, into its Web3 infrastructure platform.
Nikhil Chandhok, chief product officer at Circle, said in a statement.
Chandhok said in a post on X (formerly Twitter) that "This platform is
"We will help users seamlessly build in-app wallets that support USDC and use it for global payments, e-commerce, games, and more."
Circle's Web3 tools include Avalanche, Ethereum, Polygon
It is integrated with various blockchain networks such as PoS and Solana.
The integration is Circle’s latest attempt to accelerate adoption of USDC, as the company seeks to merge with stablecoin rival Tether’s USDT for market dominance.
According to CoinMarketCap, USDC has a market capitalization of about $35 billion, far surpassing USDT, which has a market capitalization of over $118 billion.
It's too late to hear.