News

Circle launches support for Polygon USDC stablecoin on its payments platform

Cirlce is a payment platform and a stablecoin issuer that currently supports polygon USD coin (USDC), thus enabling seamless trading for stablecoin customers.

Polygon USDC is a crazy head bridge of stablecoins supported on its platform. The bridge in cryptocurrencies involves the transfer of coins originating from one blockchain chain to another or Layer-2 network through a bridge.

This means that Circle users can use USDC transactions without having to pay any additional transaction fees when switching from Ethereum to Polygon.

The usdc bridge from Ethereum to Polygon was possible through the existing bridge service of the latter. However, this transfer process can take up to 10 minutes. However, if polygon USDC is turned on on the Circle Account, users will be able to convert fiat deposits to stablecoins within seconds.

USDC, a stablecoin issued by Circle, is the second largest stable currency in the cryptocurrency space with a market capitalization of around $53.7M.

DISCLAIMER: The Information on this website is a general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

CoinCu News

KAI

Victor

Recent Posts

BlockDAG’s $30 by 2030 Price Predictions Are Sparking Excitement Among the Community—Will Toncoin & SUI Keep Up?

Discover how Toncoin's valuation, SUI's latest Google Cloud partnership, and BlockDAG's soaring presale frame the…

25 minutes ago

Top 6 High-Quality Free Crypto Airdrops You Shouldn’t Miss

Free crypto airdrops are one of the ways to help users participate in the project…

29 minutes ago

PancakeSwap Swap Bot Is Launched On Telegram To Convenient Trading

The PancakeSwap Swap Bot supports trading on PancakeSwap’s v2, v3, and stableswap protocols on the…

48 minutes ago

Is November 2024 the Right Time to Invest in Qubetics, Cardano, or Solana? Let’s Find Out!

From industry giants like Cardano and Solana to emerging players like Qubetics, it’s no wonder…

1 hour ago

US Jobless Claims Drop to 217,000, Lowest Since May

US jobless claims fell to 217,000 for the week ending November 9, the lowest since…

2 hours ago

World Liberty Financial Integrates Chainlink To Secure On-chain Data

World Liberty Financial integrated Chainlink for secure, reliable on-chain data and cross-chain interoperability as it…

2 hours ago

This website uses cookies.