Arbitrum to Be Integrated With CCTP v.2.0

Arbitrum announced the availability of Circle’s Cross-Chain Transfer Protocol v.2.0 (CCTP v.2.0) on May 2, enabling USDC transfers across Avalanche, Base, Ethereum, Linea and other supported networks through a burn-and-mint design that removes reliance on external liquidity pools.ARB InfoArbitrum is a layer 2 scaling solution designed for the Ethereum network. Its goal is to increase the scalability of Ethereum while preserving its decentralization and security.Arbitrum operates by batching many transactions together off-chain and then submitting a single, combined proof of all these transactions to the Ethereum base layer. This greatly reduces the amount of computation and storage that the Ethereum network has to handle, allowing it to support a much higher throughput of transactions.