- Circle readies launch of native USDC on Optimism network, replacing bridged liquidity with a native variant.
- Advantages include stability, streamlined on/off-ramps, and improved financial system-blockchain interactions.
Circle is prepping to launch its native fiat-backed stablecoin USDC on the Optimism network. Optimism is poised to shift away from utilizing bridged USDC in favor of a more seamlessly integrated native variant to replace bridged liquidity with native liquidity.
Integrating native USDC holds multiple advantages for Optimism, such as reinforced stability, streamlined institutional on/off-ramps, and smoothened interactions between conventional financial systems and blockchain networks. Fully integrating USDC with Optimism requires renaming the existing Ethereum-bridged USDC to USDC.e.
The integration of native USDC on the Optimism network, orchestrated by Circle, signifies a decisive stride toward optimizing decentralized finance. By gradually shifting from bridged to native USDC, the ecosystem aims to bolster liquidity and operational efficiency,
