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In a significant breakthrough, the Polygon Proof of Stake (PoS) network has introduced native USDC integration, effectively removing the need for complex bridging processes. This transformative update opens up a world of possibilities for developers and users alike, as they can now directly access USDC on the Polygon PoS network.
Circle has natively integrated USDC on the Polygon PoS network, enabling direct access for users and developers. This move phases out the need for bridged USDC.e, providing a more stable and straightforward means for transactions on the network.
Coins.ph joins forces with Circle to introduce USDC remittances, targeting a more efficient and affordable money transfer solution for millions of Filipinos abroad, supporting the UN's goal of trimming remittance costs by 2023.
With its native stablecoin being the second largest, the ecosystem of hundreds of Polygon-based dApps has received a modern and convenient value transfer mechanism. Support for operations with bridged the Ethereum-to-Polygon version of the asset will be sunset in a month.
After contending with the SEC that stablecoins shouldn't fall under the same regulations as traditional securities, Circle has chosen to take the initiative. USDC can now be accessed directly on Polygon PoS without the need for bridges.
In a remarkable stride towards enhancing transaction fluidity, USDC, managed by stablecoin issuer Circle, has now been natively integrated into Polygon PoS, negating the need for bridging. This integration ushers in a new era where developers and users can effortlessly access USDC liquidity on Polygon's Proof-of-Stake (PoS) blockchain, famed for its fast and cost-effective network.
Circle stablecoin issuer has unveiled its latest initiative of minting USD Coin (USDC) directly on the Ethereum layer-2 scaling protocol, Polygon. This development simplifies the process for users and developers, eliminating the need to bridge the stablecoin from Ethereum to another blockchain.
Circle has initiated the minting of its stablecoin, USDC, directly on Ethereum's layer-2 solution, Polygon, aiming to enhance transaction speed and reduce fees.
Circle taps into Ethereum layer 2 Polygon to provide USDC liquidity directly on the proof-of-stake scaling protocol.
Circle has achieved yet another milestone in the realm of digital assets Polygon PoS mainnet.
According to transaction data, it appears that the Ethereum Foundation made a sale of 1700 ETH for 2.76 million USDC, the USD Coin stablecoin.
The Ethereum (CRYPTO: ETH) Foundation has converted 1,700 ETH, valued at approximately $2.76 million, into Circle's USDC (CRYPTO: USDC) stablecoin. What Happened: According to scopescan, an on-chain analytics firm, "the Ethereum Foundation has just sold 1,700 ETH ($2.76 million) for USDC.
Blockchain sleuths spotted the Ethereum Foundation trading 1,700 ETH for a hefty $2.76 million in USDC stablecoins. This comes hot on the heels of Ethereum's co-founder, Vitalik Buterin, transferring a cool $3.79 million in ether within a mere ten days. Ethereum Foundation Parts With Ethereum in $2.
The Ethereum Foundation — the non-profit organization dedicated to supporting Ethereum Ethereum (ETH) and related technologies — announced it had sold 1,700 ETH for USD Coin (USDC).
The Ethereum Foundation recently executed a significant transaction, swapping 1,700 ETH for 2.738 million USDC on the decentralized platform Uniswap. Significantly, this action underscores the rising prominence of stablecoins in the evolving digital economy.
The Ethereum Foundation has reportedly sold 1,700 ETH for 2.738 million USDC. The transaction took place on the decentralized exchange Uniswap at 16:18 UTC+8, further solidifying the narrative around the growing utilization of stablecoins in the digital economy. 2 hours ago, Grant Provider: 0x9ee4 (Ethereum Foundation wallet) sold 1.7K $ETH ($2.74M) at $1611. pic.twitter.
Coinbase's Ethereum-based layer2 platform, Base, has remained elevated over the past seven days, recording an impressive performance in total value locked. L2Beat data shows Base TVL increased by 25.15% within the last week to $556 million. Base outshining zkSync Era Base network's significant surge in TVL has seen it outpacing zkSync Era's $435 million TVL.
As part of the strategic agreement with Circle Ventures, XION will use USDC as its primary transactional currency
Burnt announced its public testnet for Xion, a Layer-1 blockchain that will use the Circle-issued USDC as its native transactional currency.
Base, the Coinbase-incubated Layer-2 blockchain, faces challenges as its Total Value Locked takes a hit in the past week.
Base's TVL witnessed a drawdown of over 18% in the past week.
Circle (CRYPTO: USDC), the issuer of USDC, plans to venture out on Cosmos through its cross-chain transfer protocol system. This is expected to make transfers seamless and benefit USDC's market cap.
Native USDC is coming to Cosmos mainnet later this month.
Polygon will integrate USDC, offered by Circle, on 10 October. Ahead of that, MATIC's daily chart turned bullish.
