✨ A New USDC Standard for EVM Networks
posted 22 Nov 2023
Circle has introduced a Bridged USDC standard for the Ethereum Virtual Machine (EVM)
blockchain, addressing the "cold start" problem by granting early access to USDC liquidity.
blockchain, addressing the "cold start" problem by granting early access to USDC liquidity.
Once Bridged USDC reaches a substantial level of supply and integration,
Circle can assume ownership rights of the token contract. This step
will upgrade it to native USDC while preserving the contract addresses,
user balances, and program integrations.
This
approach aims to streamline processes, avoiding liquidity fragmentation
and complex migrations. Notably, Linea and Scroll networks are already
leveraging the Bridged USDC standard.
More breaking news
