Wormhole launches new proposal seeking to allocate 2.5 million ARB to import 100 million USDC into Arbitrum

Odaily Planet Daily reported that the Wormhole Foundation has launched a draft proposal to seek to allocate 2.5 million ARB to import 100 million USDC into Arbitrum to mint native USDC on Arbitrum through the cross-chain transfer protocol (CCTP) of Wormhole and its partner Circle. Users are provided with an annualized return rate of 8%. The reward is valid for up to 3 months and is accumulated once a week. This means that users can earn up to 2% of total returns within 3 months. According to previous news, Wormhole Connect has integrated the Circle cross-chain transfer protocol CCTP, and users can transfer native USDC between Ethereum, Avalanche, Arbitrum and Optimism networks through the cross-chain bridge based on Wormhole.