Circle rolls out native USDC tokens on Polygon

US dollar stablecoin provider Circle has actually revealed that it has actually started minting USD Coin (USDC) natively on Ethereum layer 2 scaling protocol Polygon.USDC is accessible to both users and designers without the requirement to bridge the stablecoin from Ethereum or other blockchain. Circle Mint and Circles developer APIs now support Polygon-based USDC, taking advantage of Polygons scaling abilities.1/ Its main. #ItsStillStableSeptember and $USDC is now available natively on @ 0xPolygon PoS mainnet!Learn the advantages of native USDC and how to switch from bridged USDC.e https://t.co/KcK55sT4KH pic.twitter.com/Gm6HjR62KW— Circle (@circle) October 10, 2023

According to the announcement from Circile, designers and businesses will be able to develop decentralized applications (DApps) with USDC on Polygon. The new offering is promoted to allow near-instant, low fee deals for a variety of usage cases including payments, remittances, loaning, lending.before and trading Circles announcement of its native Polygon USDC offering, users of the protocol had to make usage of bridge USDC (USDC.e) from the Ethereum blockchain. The issuer plans to terminate this service from Nov. 10, warning users that try to send bridge USDC.e to Circle Mint accounts that their properties may be unrecoverable after this date.The brand-new Polygon USDC token address shows an existing market capitalization of some 4.3 million USDC on the scaling protocol.