Fantom Launches Canonical Stablecoin With Support From Circle And Wormhole

Fantom will release its canonical stablecoin USDC.e with the support of Circle and Wormhole, which will bring potential benefits to users and developers. In an April 4 announcement on X, the Fantom Foundation stated that the USDC.e stablecoin will be rolled out on April 5 with support from stablecoin giant Circle and Wormhole.

The asset is linked to USDC located in an Ethereum smart contract and will become the official stablecoin of the Fantom ecosystem in current and future upgrades. According to the post, a future agreement between Circle and Fantom will see all USDC.e tokens transition to USDC without a swap or a developer update on addresses.

The decision to launch the stablecoin was highly praised by the community on social networks. The asset will use Native Token Transfer (NTT) Wormhole to increase accessibility in the ecosystem. Fantom will provide asset liquidity on Wormhole by allowing users to link assets to the blockchain. This will help all parties in the liquidity migration process and incentivize users to move the bridged assets into a native USDC.

Image: Wormhole