PDAX Learn: USDC on Arbitrum is now on PDAX

What is Arbitrum?

Arbitrum is one of the leading Layer-2 scaling solutions for Ethereum. It uses optimistic rollup technology to significantly lower transaction costs while increasing throughput – all without compromising Ethereum’s security.

With Arbitrum, users can enjoy faster speeds and cheaper gas fees compared to Ethereum mainnet. It’s built to support DeFi, gaming, NFTs, and other Web3 applications at scale, while remaining EVM-compatible so that developers can easily port over smart contracts.

Arbitrum processes thousands of transactions per second with finality secured by Ethereum, making it ideal for users and developers who want scalability without sacrificing decentralization.

Why use USDC on Arbitrum?

USDC is a fiat-backed stablecoin designed to hold a 1:1 peg with the US dollar. Issued by Circle, it’s trusted by institutions and widely used in DeFi, commerce, and cross-border payments.

When combined with Arbitrum, USDC becomes faster and cheaper to move, making it ideal for:

---> Sending money between wallets with low fees

---> Accessing DeFi apps built on Arbitrum

---> Reducing latency for Web3 payments

---> Avoiding Ethereum gas spikes

By bringing USDC to Arbitrum, PDAX enables users to trade and transfer stablecoins more affordably and efficiently, while opening up new possibilities for crypto payments, merchant transactions, and global remittances.

Tokenomics

USDC is fully backed by cash and short-term US government securities. Each USDC token is redeemable 1:1 for USD and undergoes monthly attestations from regulated financial institutions. It’s issued by Circle under the CENTRE Consortium and is regulated under U.S. laws.

Unlike algorithmic stablecoins, USDC maintains its peg through transparent reserves and regulated issuers, making it a relatively stable and secure digital dollar, especially when paired with efficient chains like Arbitrum.

Ready to start with crypto? PDAX now supports USDC on ARB.

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Disclaimer: PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis. PDAX does not endorse or approve any cryptocurrency, and assumes no responsibility for the content, accuracy or completeness of the same.

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Email: consumeraffairs@bsp.gov.ph; Webchat: http://www.bsp.gov.ph (click webchat feature); Facebook: https://www.facebook.com/BangkoSentralngPilipinas; Direct Line: (02) 5306 2584 / (02) 8708 7087;  Trunk Line: (02) 8708 7701 loc. 2584;  or SMS: 21582277 (for Globe subscribers only).

For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.