Bitcoin News Official TheBitTimes.com

“Circle is delving into the world of Ethereum’s Layer 2, Polygon, to facilitate the direct provision of USDC liquidity within the proof-of-stake scaling protocol. Circle, the stablecoin issuer, has made an exciting announcement, revealing their initiation of minting USD Coin natively on Ethereum’s Layer-2 scaling protocol, Polygon. USDC is now readily accessible to both users and developers, eliminating the need for bridging the stablecoin from Ethereum to another blockchain. The Circle Mint and Circle’s developer application programming interfaces (APIs) have seamlessly integrated with Polygon-based USDC, harnessing Polygon’s remarkable scaling capabilities. As per Circle’s recent announcement, this development opens up a world of opportunities for businesses and developers. They can now construct decentralized applications with USDC on Polygon. This novel offering promises near-instant, low-fee transactions for a myriad of use cases, spanning paym...

USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network. Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network. 1/ Circle is launch ing USDC native ly on @Arbitrum on June 8th! Keep scrolling or read the blog to learn more about this launch and how to migrate liquidity from “bridged USDC” to native USDC. https://t.co/tbxSmUvXso — Circle (@circle) June 1, 2023 According to a blog post, Circle will replace the existing version of USDC, an Ethereum-based token that’s been bridged to Arbitrum, with a native token that runs and resides on the Arbitrum network itself: “This will be the official version of USDC that is recognized within the Arbitrum ecosystem and will ultimately replace the currently circulating bridged version of USDC that comes from Ethereum.” Ahead of the launch, Circle plans to rename the existing Ethereum-ba...