Circle Streamlines USDC Deployment on Ethereum-Virtual Machine Blockchains
Circle has introduced a simpler way for any Ethereum-virtual machine (EVM) blockchain to deploy a bridged form of USDC on chain. This move aims to bring native USDC to every secure, safe, and promising new blockchain network as soon as it launches, according to the company. The new standard is designed to enhance the efficiency of emerging blockchains, particularly benefiting new blockchains seeking a quick start. Bridged forms of USDC are seen as key in solving the “cold start” problem for generating activity on new blockchain networks.
Majority of USDC Adoption Occurring Outside of the US
Circle’s recent announcement also stressed that developers and users can easily shift from bridged USDC to native USDC, but the optimal situation would be to altogether circumvent migration. Recent reports have shown that USDC adoption is surging outside of the US, with the majority of USDC stablecoin adoption estimated to be non-US.
Hot Take: Circle’s Move to Boost USDC Adoption Beyond US Borders
Circle’s initiative to streamline USDC deployment on Ethereum-virtual machine blockchains reflects the company’s commitment to expanding USDC adoption beyond the US borders. By simplifying the process of deploying USDC on emerging blockchains, Circle is laying the groundwork for broader adoption and usage of the stablecoin in international markets, contributing to the global expansion of digital currency usage. This move aligns with the company’s mission to promote broader global financial inclusivity and accessibility through USDC.
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