Korbit Adds USDC Deposits and Withdrawals on Arbitrum Network
Summary
- Korbit announced that it has added Arbitrum (ARB) to the supported deposit and withdrawal networks for the stablecoin USDC.
- With this expansion, Korbit now supports three USDC deposit and withdrawal networks: Ethereum, Base, and Arbitrum.
- Jungwoo Lee, CTO/CPO, stated that user convenience will increase based on their first collaboration with Circle.
Cryptocurrency exchange Korbit announced on the 29th that it has added Arbitrum (ARB) to the supported networks for deposits and withdrawals of the stablecoin USDC.
Previously, Korbit enabled multi-chain deposits and withdrawals of USDC through the Ethereum (ETH) and Base networks, and with the addition of Arbitrum, the number of supported networks has increased to three.
Korbit recently joined the Circle Alliance Program, a partnership program by Circle, the issuer of USDC. This Arbitrum deposit and withdrawal support marks the first collaboration between the two companies.
Jungwoo Lee, CTO/CPO of Korbit, said, "With this expanded support, it will become more convenient for users to utilize stablecoins in various blockchain environments," and added, "We will continue to drive user-centric innovation."
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