Odaily Planet Daily reports: In response to community concerns, Arc ecosystem’s Launchpad Long posted on X that the stock tokens issued by Long are 1:1 backed by actual stocks held on Robinhood. The asset backing can be verified through the on-chain bridge vault, and the tokens can be exchanged 1:1 between Robinhood Chain and Arc.
It noted that Arc’s native USDC currently trades at approximately a 2x premium due to the cross-chain bridge remaining closed, causing stock tokens priced in it to appear below the market price of the underlying stocks. With the launch of Arc’s public mainnet and native USDC cross-chain bridge on September 16, this premium is expected to gradually normalize. At that time, Long also plans to provide deep liquidity for the CRCL/USDC trading pair and roll out stock reward programs, native USDC support on Launchpad, and additional stock issuers.
Previously, it was hilarious—the Arc mainnet is set to launch on September 16. Today, BonkGuy posted that he has recently begun short-term positioning in Arc, having already purchased LONG, the native token of Arc’s primary Launchpad, as well as the top three Meme coins by market cap on the platform. Subsequently, crypto KOL 0xShawn stated that the long.supply platform is one that随时 has rug pull permissions.