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The company’s official X account has announced the launch of native USDC (USD Coin) on the Polygon PoS mainnet. This development marks a significant expansion of the USDC ecosystem and further solidifies Circle’s position in the cryptocurrency market.
5/ Developers can use native $USDC on Polygon PoS to build on a stable foundation that’s built to last and officially supported by Circle.
— Circle (@circle) October 10, 2023
USDC is an open-source, permissionless protocol that enables any app to send and store digital dollars.
With this launch on the Polygon PoS mainnet, native USDC is now seamlessly integrated into a total of 15 blockchain networks. This extensive network presence enhances accessibility and usability, allowing businesses and institutions to harness the power of USDC across a wide range of platforms.
One of the standout features of this expansion is the accessibility offered through Circle Mint and its API. This means that businesses and institutions can easily access on/off-ramps for USDC on the Polygon PoS mainnet. It streamlines the process of utilizing USDC for various financial activities within the cryptocurrency space.
Circle Mint Simplifies USDC Movement on Polygon PoS
Circle Mint simplifies the movement of USDC between different blockchain networks. Users can effortlessly deposit USDC on one chain and withdraw it on another, all without the usual costs and delays associated with third-party bridging solutions. This functionality is a game-changer, reducing friction in the cross-chain transfer of USDC.
The introduction of native USDC on the Polygon PoS mainnet presents exciting opportunities. They can leverage this officially backed stablecoin to build robust and long-lasting stable funds. The backing by Circle, a trusted name in the industry, lends credibility and reliability to these endeavors, attracting both developers and investors.
Circle’s launch of native USDC on the Polygon PoS mainnet marks a pivotal moment in the world of digital assets. The expanded network and enhanced accessibility through Circle Mint empower businesses, institutions, and developers to utilize USDC more effectively across various blockchain networks, driving innovation and growth in the cryptocurrency ecosystem.
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