Circle, the company behind USDC, has announced that the stablecoin will be integrated into Base and Optimism within a week. This move is part of Circle’s plan to expand the utility of USDC by bringing it to more blockchains in a native token format, eliminating the need for bridged Ethereum Tokens. The integration with Base and Optimism comes after Circle’s recent partnership with Optimism and their commitment to play a more active role in the Optimism collective.
The USDC stablecoin has now been launched on both mainnets, built on the OP stack. This launch is part of Circle’s Stable September initiative, which aims to drive adoption of USDC by providing additional assurance to developers and investors worldwide. With the native support on Base and Optimism, the bridged USDC stablecoins will likely be deprecated in the future.
Circle has urged the community not to send USDC.e to Circle accounts, as these are not compatible and may result in a loss of funds. The Optimism Foundation will work with ecosystem participants to facilitate the migration from bridged USDC.e to native USDC.
The launch of USDC on Base and Optimism brings the total number of blockchains supporting the stablecoin to 11. This allows developers and businesses to benefit from the growing popularity of the digital dollar across multiple ecosystems. In comparison, Tether’s USDT stablecoin is available on 7 blockchains.
Despite a temporary outage on the Base network for about two hours, the launch of USDC on Base and Optimism seems to have been smooth, with no major issues reported. The outage, which was the first since the network’s launch, did not affect anyone’s funds and was resolved with a hotfix.
In conclusion, Circle’s integration of USDC on Base and Optimism is part of their effort to expand the utility of the stablecoin and provide more options for developers and businesses. With the stablecoin now available on 11 blockchains, Circle aims to drive adoption and position USDC as a leading digital dollar. Despite a minor outage during the launch, the integration seems to have been successful..
#USDC #Launches #Base #Optimism
The USDC stablecoin has now been launched on both mainnets, built on the OP stack. This launch is part of Circle’s Stable September initiative, which aims to drive adoption of USDC by providing additional assurance to developers and investors worldwide. With the native support on Base and Optimism, the bridged USDC stablecoins will likely be deprecated in the future.
Circle has urged the community not to send USDC.e to Circle accounts, as these are not compatible and may result in a loss of funds. The Optimism Foundation will work with ecosystem participants to facilitate the migration from bridged USDC.e to native USDC.
The launch of USDC on Base and Optimism brings the total number of blockchains supporting the stablecoin to 11. This allows developers and businesses to benefit from the growing popularity of the digital dollar across multiple ecosystems. In comparison, Tether’s USDT stablecoin is available on 7 blockchains.
Despite a temporary outage on the Base network for about two hours, the launch of USDC on Base and Optimism seems to have been smooth, with no major issues reported. The outage, which was the first since the network’s launch, did not affect anyone’s funds and was resolved with a hotfix.
In conclusion, Circle’s integration of USDC on Base and Optimism is part of their effort to expand the utility of the stablecoin and provide more options for developers and businesses. With the stablecoin now available on 11 blockchains, Circle aims to drive adoption and position USDC as a leading digital dollar. Despite a minor outage during the launch, the integration seems to have been successful..
#USDC #Launches #Base #Optimism
