MEXC Users,
To meet the growing demand for stablecoin trading versatility, MEXC will enable native USD Coin (USDC) deposits on the Arbitrum One network starting June 17, 2023, at 14:00 (UTC+8). Withdrawals for native USDC on Arbitrum One will open once sufficient deposit liquidity is confirmed—no separate announcement will be made.
Key Updates for Users
Network Label Adjustments
- Legacy USDC-ARB: Now labeled as Arbitrum One (Bridged) in deposit/withdrawal interfaces.
- Native USDC-ARB: Displayed as Arbitrum One. Verify the correct network before proceeding.
Contract Addresses
| Token Type | Contract Address |
|---|---|
| Legacy USDC-ARB | 0xff970a61a04b1ca14834a43f5de4533ebddb5cc8 |
| Native USDC-ARB | 0xaf88d065e77c8cC2239327C5EDb3A432268e5831 |
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Why This Matters
- Lower Fees: Arbitrum’s Layer-2 scaling reduces Ethereum gas costs.
- Faster Transactions: Near-instant settlements compared to Ethereum mainnet.
- Ecosystem Growth: Native USDC integration boosts DeFi, NFTs, and dApp interoperability.
FAQs
1. What’s the difference between bridged and native USDC on Arbitrum?
- Bridged USDC: Migrated from Ethereum via a cross-chain bridge.
- Native USDC: Issued directly on Arbitrum by Circle, offering full redeemability and stability.
2. Will my existing bridged USDC tokens be affected?
No. Bridged USDC remains usable, but native USDC is recommended for future transactions.
3. How do I ensure I’m using the correct contract address?
Always verify the address on Arbiscan or MEXC’s official announcement channels.
4. Are there deposit/withdrawal minimums?
Check MEXC’s fee page for real-time updates.
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Final Notes
MEXC’s support for native Arbitrum USDC reflects our commitment to scalability, cost efficiency, and user-centric innovation. Stay tuned for further network integrations!
For updates, follow MEXC’s official channels.
Disclaimer: Cryptocurrency investments carry risks. Conduct independent research before trading.