Hassan Maishera
On Tuesday, the Arbitrum team announced via X that Tether had upgraded the USDT on Arbitrum to the USDT0 standard. For users holding USDT and dApps like Aave, GMX, and Dolomite, the asset will automatically upgrade to USDT0.
Following the upgrade, deposits into Arbitrum will immediately flow through the new USDT0 infrastructure. The Arbitrum USDT bridge will then be discontinued after the 5th of February.
Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps. ARB, the native coin of the Arbitrum network, is down 6% today and is trading at $0.6067.
