Circle Prepares to Integrate USDC with Optimism Mainnet

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.

1/ We’re all excited for #StableSeptember to kick-off next week! While we wait, let’s dive into what native $USDC means for @optimismFND and how the ecosystem will transition away from bridged USDC.https://t.co/3mli0KhBmw
— Circle (@circle) August 30, 2023

Via @circle – X

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,

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.

Tags: circle Optimism Network usdc

Circle Prepares to Integrate USDC with Optimism Mainnet

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Hedera Network Activity Surges as HBAR Price Gains Momentum – Here Is What’s Driving It

Litecoin Tries to Reclaim Its Digital Silver Narrative – Here Is What the Chart Shows

Major Token Unlocks Loom as Hyperliquid, Sui, and EigenCloud Add Supply – Here Is Why It Matters

Cardano Revisits Key Support After Erasing Election Rally Gains – Here Is Whether ADA Can Bounce

Solana Trades at a Turning Point as ETF Flows and Charts Send Mixed Signals – Here Is Why It Matters

Zcash Breaks Higher From December Lows As Momentum Builds – Here Is Whether the Rally Can Extend

Related News

Hedera Network Activity Surges as HBAR Price Gains Momentum – Here Is What’s Driving It

Litecoin Tries to Reclaim Its Digital Silver Narrative – Here Is What the Chart Shows

Major Token Unlocks Loom as Hyperliquid, Sui, and EigenCloud Add Supply – Here Is Why It Matters

Cardano Revisits Key Support After Erasing Election Rally Gains – Here Is Whether ADA Can Bounce

Solana Trades at a Turning Point as ETF Flows and Charts Send Mixed Signals – Here Is Why It Matters

BLOCKNEWS.COM

RESOURCES

DISCLOSURES AND POLICIES