Circle Launches the Bridged USDC Standard
The company behind the second-largest dollar-pegged crypto asset by market cap is set to launch a new token standard for their stablecoin. According to a recent announcement from Circle, they are introducing the Bridged USDC Standard, a new standard and process for deploying a bridged form of USDC on Ethereum Virtual Machine (EVM) blockchains.
Circle emphasizes that the new bridged USDC standard is equitable, standardized, and secure, providing a transparent process that promotes the expansion of USDC across different blockchain platforms. The overall goal is to create a less fragmented user experience and increase the stablecoin’s compatibility with multiple blockchains through the Cross-Chain Transfer Protocol (CCTP).
Adoption and Expansion
The Bridged USDC Standard is already operational on Linea and Scroll testnets and mainnets. Circle plans to expand the standard to support modular EVM architectures, making it easier to deploy bridged USDC token contracts on new blockchains.
The firm believes that the introduction of the Bridged USDC Standard is a significant step forward in USDC’s evolution and will fuel its adoption in the blockchain ecosystem.
Hot Take
Circle Unveils New Bridged USDC Standard
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