SwissBorg supports USDC deposits on Arc network within 24 hours
Summary
SwissBorg has announced the integration of $USDC support for direct deposits on the Arc network, allowing users to move USDC seamlessly without bridging. This feature enhances SwissBorg's role as a convenient on and off-ramp for the cryptocurrency market, as it operates through a MiCA-regulated application. The Arc platform, designed for stablecoin-based applications, promises robust functionalities such as onchain foreign exchange and treasury management, catering to the growing demand for secure and efficient financial transactions.
Tokens
$USDC
Analysis
Arc: Arc is an open platform that includes apps, assets, developer tools, and a settlement network positioned as an economic operating system for internet-based activity. It enables features such as asset tokenization, onchain foreign exchange, cross-border payments, and support for AI agents through stablecoin-native infrastructure. The news highlights SwissBorg's rapid integration of USDC deposits on Arc shortly after the network's launch, underscoring its role in facilitating direct stablecoin movement. Circle: Circle issues the USDC stablecoin and develops tools for onchain financial applications, including Circle StableFX for foreign exchange between stablecoins. Its technology supports predictable fees and near-instant settlement in programmable environments. In the news, Circle's StableFX is referenced as part of Arc's onchain FX capabilities, tying into the SwissBorg USDC deposit integration. SwissBorg: SwissBorg is a cryptocurrency platform offering swaps between fiat currencies and a wide range of crypto assets through a single app interface. It operates as a MiCA-regulated service focused on user-friendly on and off-ramps. In the news, SwissBorg has added direct USDC deposit support on the Arc network, allowing seamless transfers without bridging. Regulation: SwissBorg provides its services through a MiCA-regulated application. Integration: SwissBorg now enables direct USDC movement to and from the Arc network as a seamless on and off-ramp. Platform Focus: Arc is built to support stablecoin-based applications including onchain FX, payments, and treasury management with institutional-grade features.
Categories
cryptorwaai_agentsdefidatsbasetech