diff --git a/packages/arb-token-bridge-ui/src/components/TransferPanel/TokenSearch.tsx b/packages/arb-token-bridge-ui/src/components/TransferPanel/TokenSearch.tsx
index 0be3350d7c..2fb588a1af 100644
--- a/packages/arb-token-bridge-ui/src/components/TransferPanel/TokenSearch.tsx
+++ b/packages/arb-token-bridge-ui/src/components/TransferPanel/TokenSearch.tsx
@@ -4,6 +4,7 @@ import Image from 'next/image'
 import { useAccount } from 'wagmi'
 import { AutoSizer, List, ListRowProps } from 'react-virtualized'
 import { twMerge } from 'tailwind-merge'
+import useSWRImmutable from 'swr/immutable'
 
 import { useAppState } from '../../state'
 import {
@@ -34,10 +35,11 @@ import { TokenRow } from './TokenRow'
 import { useNetworks } from '../../hooks/useNetworks'
 import { useNetworksRelationship } from '../../hooks/useNetworksRelationship'
 import { Switch } from '../common/atoms/Switch'
-import { useSelectedToken } from '../../hooks/useSelectedToken'
+import { getUsdcToken, useSelectedToken } from '../../hooks/useSelectedToken'
 import { useBalances } from '../../hooks/useBalances'
 import { useSetInputAmount } from '../../hooks/TransferPanel/useSetInputAmount'
 import { addressesEqual } from '../../util/AddressUtils'
+import { getProviderForChainId } from '@/token-bridge-sdk/utils'
 
 export const ARB_ONE_NATIVE_USDC_TOKEN = {
   ...ArbOneNativeUSDC,
@@ -187,6 +189,8 @@ function TokensPanel({
   const nativeCurrency = useNativeCurrency({ provider: childChainProvider })
 
   const {
+    isEthereumMainnet: isParentChainEthereumMainnet,
+    isSepolia: isParentChainSepolia,
     isArbitrumOne: isParentChainArbitrumOne,
     isArbitrumSepolia: isParentChainArbitrumSepolia
   } = isNetwork(parentChain.id)
@@ -241,6 +245,43 @@ function TokensPanel({
     ]
   )
 
+  const usdcParentAddress = useMemo(() => {
+    if (isParentChainEthereumMainnet) {
+      return CommonAddress.Ethereum.USDC
+    }
+    if (isParentChainSepolia) {
+      return CommonAddress.Sepolia.USDC
+    }
+    if (isParentChainArbitrumOne) {
+      return CommonAddress.ArbitrumOne.USDC
+    }
+    if (isParentChainArbitrumSepolia) {
+      return CommonAddress.ArbitrumSepolia.USDC
+    }
+  }, [
+    isParentChainEthereumMainnet,
+    isParentChainSepolia,
+    isParentChainArbitrumOne,
+    isParentChainArbitrumSepolia
+  ])
+
+  const { data: usdcToken = null } = useSWRImmutable(
+    usdcParentAddress
+      ? ([
+          usdcParentAddress,
+          parentChain.id,
+          childChain.id,
+          'token_search_usdc_token'
+        ] as const)
+      : null,
+    ([_usdcParentAddress, _parentChainId, _childChainId]) =>
+      getUsdcToken({
+        tokenAddress: _usdcParentAddress,
+        parentProvider: getProviderForChainId(_parentChainId),
+        childProvider: getProviderForChainId(_childChainId)
+      })
+  )
+
   const tokensToShow = useMemo(() => {
     const tokenSearch = newToken.trim().toLowerCase()
     const tokenAddresses = [
@@ -430,10 +471,11 @@ function TokensPanel({
       const address = tokensToShow[virtualizedProps.index]
       let token: ERC20BridgeToken | null = null
 
-      if (isTokenArbitrumOneNativeUSDC(address)) {
-        token = ARB_ONE_NATIVE_USDC_TOKEN
-      } else if (isTokenArbitrumSepoliaNativeUSDC(address)) {
-        token = ARB_SEPOLIA_NATIVE_USDC_TOKEN
+      if (
+        isTokenArbitrumOneNativeUSDC(address) ||
+        isTokenArbitrumSepoliaNativeUSDC(address)
+      ) {
+        token = usdcToken
       } else if (address) {
         token = tokensFromLists[address] || tokensFromUser[address] || null
       }
@@ -457,7 +499,7 @@ function TokensPanel({
         />
       )
     },
-    [tokensToShow, tokensFromLists, tokensFromUser, onTokenSelected]
+    [tokensToShow, tokensFromLists, tokensFromUser, onTokenSelected, usdcToken]
   )
 
   const AddButton = useMemo(
diff --git a/packages/arb-token-bridge-ui/src/hooks/useBalanceOnSourceChain.ts b/packages/arb-token-bridge-ui/src/hooks/useBalanceOnSourceChain.ts
index 6c9b135c3e..fb2403bd73 100644
--- a/packages/arb-token-bridge-ui/src/hooks/useBalanceOnSourceChain.ts
+++ b/packages/arb-token-bridge-ui/src/hooks/useBalanceOnSourceChain.ts
@@ -10,6 +10,7 @@ import {
   isTokenArbitrumOneNativeUSDC,
   isTokenArbitrumSepoliaNativeUSDC
 } from '../util/TokenUtils'
+import { isNetwork } from '../util/networks'
 
 /**
  * Balance of the child chain's native currency or ERC20 token
@@ -20,6 +21,9 @@ export function useBalanceOnSourceChain(
   const { address: walletAddress } = useAccount()
   const [networks] = useNetworks()
   const { isDepositMode } = useNetworksRelationship(networks)
+  const { isOrbitChain: isSourceOrbitChain } = isNetwork(
+    networks.sourceChain.id
+  )
 
   const {
     erc20: [erc20SourceChainBalances]
@@ -47,7 +51,10 @@ export function useBalanceOnSourceChain(
     isTokenArbitrumOneNativeUSDC(tokenAddressLowercased) ||
     isTokenArbitrumSepoliaNativeUSDC(tokenAddressLowercased)
   ) {
-    return erc20SourceChainBalances[tokenAddressLowercased] ?? constants.Zero
+    // because we read parent chain address, make sure we don't read Orbit chain's address if it's the source chain
+    if (!isSourceOrbitChain) {
+      return erc20SourceChainBalances[tokenAddressLowercased] ?? constants.Zero
+    }
   }
 
   const tokenChildChainAddress = token.l2Address?.toLowerCase()
diff --git a/packages/arb-token-bridge-ui/src/hooks/useSelectedToken.ts b/packages/arb-token-bridge-ui/src/hooks/useSelectedToken.ts
index 503855e1d4..acc1e0622b 100644
--- a/packages/arb-token-bridge-ui/src/hooks/useSelectedToken.ts
+++ b/packages/arb-token-bridge-ui/src/hooks/useSelectedToken.ts
@@ -97,7 +97,7 @@ function sanitizeTokenAddress(tokenAddress: string | null): string | undefined {
   return undefined
 }
 
-async function getUsdcToken({
+export async function getUsdcToken({
   tokenAddress,
   parentProvider,
   childProvider