Understanding native vs. bridged
Native USDC is officially issued by Circle and always redeemable 1:1 for US dollars.
In the case of Arbitrum, there also exists a “bridged” form of USDC, known as USDC.e, that’s been bridged from Ethereum. USDC.e is not issued by Circle.
Native USDC on Arbitrum:
- Token Name: USD Coin
- Token Symbol: USDC
- Token Address: 0xaf88d065e77c8cC2239327C5EDb3A432268e5831
Bridged USDC on Arbitrum: (from Ethereum)
- Token Name: Bridged USDC
- Token Symbol: USDC.e
- Token Address: 0xFF970A61A04b1cA14834A43f5dE4533eBDDB5CC8