Arbitrum Leads L2 Stablecoin Adoption Amid USDT0 Upgrade, but ARB Struggles

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Stablecoin adoption on Arbitrum has reached new heights, with over 1.3 billion USDT now minted on the platform. This makes Arbitrum the clear front-runner among all Layer 2 networks when it comes to the liquidity and adoption of stablecoins. It also cements Arbitrum’s status as a leading scaling solution in the Ethereum ecosystem, one that has found a lot of resonance in the real world. In a significant development, Tether has proclaimed an upgrade for USDT on Arbitrum, transitioning it to the USDT0 standard. This upgrade, with the blessings of Tether and the USDT0 ecosystem consortium, endeavors to better interoperability

The post Arbitrum Leads L2 Stablecoin Adoption Amid USDT0 Upgrade, but ARB Struggles appeared first on The Merkle News.

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