The product will be launching natively on Arbitrum, per a press release provided to CoinDesk. Wu said that an Arbitrum-native release made more sense than the Ethereum base layer after the team studied various scaling solutions, coming to the conclusion that optimistic rollups would be the long-term solution to scalability.
Related posts
-
Securitize Unveils Vault System to Revolutionize Institutional Defi Liquidity
Securitize has rolled out its S-Token Vault, utilizing ERC4626... -
Paxos to Acquire Membrane Finance in Strategic Move to Make USD-Backed Stablecoins MiCA Compliant
This strategic move is aimed at accelerating Paxos’ commitment... -
Stablecoin Issuer Paxos to Acquire Finnish Company Membrane Finance to Access European Union
“Upon completion of the acquisition, Paxos will be a fully licensed EMI in Finland and the...