Cryptocurrency

World Chain adds local support for Circle USDC and cross-chain transfer protocols

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Circle has expanded its dollar-stable Stablecoin coverage by launching local USDC on a blockchain project supported by OpenAI CEO Sam Altman.

The announcement stated that the development will replace the previously bridged USDC tokens, replacing native assets directly issued by Circle, thereby improving security, liquidity and integration within the world’s ecosystem.

The transition follows the main dynamics of the two entities. Circle recently made its public market debut on the New York Stock Exchange, and WorldCoin’s World Project launched its U.S. operations in April despite regulatory headwinds in various jurisdictions.

Bridged USDC tokens converted to local circles

The integration is said to be consistent with a network that already serves 27 million users in 160 countries. Prior to the upgrade, nearly 2 million world applications held bridged USDC, and assets were transferred from other blockchains to the platform via a third-party bridge.

These bridge tokens are now automatically converted to Circle-issued native USDC, giving users access to fully supported stable shares with higher regulatory and financial assurances.

With this migration, the USDC of the world chain is now fully secured by cash and short-term U.S. Treasury bonds.

This change eliminates risks associated with bridging assets, such as third-party custody vulnerabilities, allowing users to access more tools denominated in USD. From peer-to-peer remittances within the world’s chain ecosystem to micro-applications, the Stablecoin upgrade is now available.

CCTV V2 integration enhances interoperability

In addition to the local USDC release, Circle also provides support for cross-chain transport protocol version 2 (CCTP V2) on the world chain.

This upgrade enables users and developers to move USDCs across multiple blockchains without relying on traditional bridges, greatly reducing friction, cost and potential latency.

For developers built on the Mini App platform for World App, local USDC and CCTP integration means USDC can now be embedded directly in services without external dependencies.

Businesses and institutions using Circle Mint can also access fiat conversion ramps and exterior ramps. For announcements, please refer to:

With CCTV V2, it is more cost-effective to transfer USDC to supported chains. This means developers, businesses and consumers can move funds quickly and easily and fully benefit from Defi consolidation.

The infrastructure of World Chain is positioned as an identity layer chain with a global distributed user base. By integrating Circle’s Stablecoin directly into its core stack, the network can accelerate mainstream financial utilities and provide cross-border value transfers for individuals and businesses.

In addition to USDC, Circle and World also indicate that Eurc is Circle’s euro-backed Stablecoin and may be added to the platform in the future.

World Chain Walcoin (WLD) Price Chart
On the 2-hour chart, WLD prices are rising. Source: WLD/USDT on tradingview.com

Feature images created with DALL-E, TradingView’s chart

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