Key Points:
The move will gradually replace the bridged USDC currently circulating through the zkSync Era Bridge from Ethereum.
To facilitate the transition, Ethereum-bridged USDC will be renamed USDC.e on block explorers like zkSync Era Block Explorer, with corresponding updates to ecosystem apps. zkSync will ensure a smooth liquidity transition from USDC.e to native USDC for decentralized exchanges (DEXs) and decentralized applications (dApps).
Developers can start integrating projects by accessing testnet USDC on zkSync Era Sepolia through Circle’s Testnet Faucet. This expansion follows Circle’s recent deployment of its Cross-Chain Transfer Protocol (CCTP) within the Solana blockchain ecosystem. With CCTP, developers can seamlessly swap USDC tokens across Ethereum, Solana, and other EVM-compatible systems.
However, Circle has ceased support for USDC on the TRON blockchain amidst mounting allegations against USDT and Tron. According to a TRM report, USDT on Tron has been implicated in terrorist financing, with TRM noting its prevalence among entities involved in such activities in 2023.
Circle’s move to bolster USDC’s presence on zkSync aligns with its broader strategy to extend its stablecoin’s utility across multiple blockchain platforms while responding to concerns over certain networks’ compliance and security issues.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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