3 days ago
World Chain, the blockchain of Sam Altman-backed World Network, is present big to natively minted USDC, the stablecoin issued by precocious listed crypto steadfast Circle (CRCL), the companies said connected Wednesday.
World Network besides joined Circle’s Cross-Chain Transfer Protocol (CCTP V2), allowing holders to determination USDC crossed a scope of blockchains.
Some 2 cardinal World Network users already held bridged USDC, and this has present been upgraded to autochthonal USDC issued straight by Circle, according to a property release. Businesses tin usage Circle Mint to straight person betwixt fiat and USDC connected the layer-2 blockchain, enabling planetary on/off-ramps and cross-chain swaps with nary third-party bridges, the merchandise said.
Stablecoins are perchance the hottest sub-sector wrong crypto, with a plethora of mainstream uses coming online time by time and Circle’s caller IPO success for added bully measure. World Network, the ecosystem that's grown retired of the Worldcoin information collecting orb from OpenAI laminitis Altman, has been piling connected applications including offering wallets with a afloat scope of bank-like services courtesy of Visa.
The cross-chain capabilities added to World Network means developers, businesses and consumers tin rapidly and easy determination funds and afloat payment from decentralized finance (DeFI) composability, according to the release.
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