cryptonews.net
The second largest stablecoin, USDC, is now available on the Polygon PoS mainnet. A statement on this matter was published by Circle, an American fintech conglomerate and USDC issuer, on October 10, 2023. Circle Mint and the Circle API now fully support Polygon PoS USDC, according to the official announcement.
Researchers, developers, investors, and dApp users can now access $25 bln worth of USDC liquidity without the need for cross-chain bridges. On November 10, 2023, Circle will no longer support deposits and withdrawals for bridged USDC.e on Polygon PoS for Circle Mint and its API services. After this, only native USDC will be supported in the future. Circle representatives are asking Polygon dApps customers not to make USDC.e deposits after November 10th as the funds may be lost forever.
The Circle team emphasizes that launching USDC on the Polygon proof-of-stake network is of paramount importance to the protocol's ecosystem. Starting October 10, Circle's cross-blockchain CCTP protocol will be available to Arbitrum (ARB) developers. Thanks to Wormhole Connect technology, Arbitrum dApps developers can add support for the USDC stablecoin to their protocols.
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