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
Grand Cayman, Cayman Islands, May 3rd, 2024, ChainwireProtocol launches, growth trajectory, and industry-leading technology point…
Bitcoin and Ethereum options contracts worth $2.4bn expire on May 3, potentially causing market volatility.…
The integration helps users with a $10 USDC reward for purchasing at least $10 of…
11 people lost property worth NT$4.34m in a Singapore crypto poker robbery, including $3.58m SGD…
Hong Kong asset managers invested $112M in US-based spot Bitcoin ETFs. Yong Rong Asset Management…
Arthur Hayes offers insights into Bitcoin's recent performance, along with predictions for its future trajectory,…
This website uses cookies.