Circle Launches USDC on World Chain Network, Enhancing DeFi Integration

The company Circle, which issues the second most popular stablecoin, USDC, has introduced the asset to the network of Sam Altman’s World project.

Project representatives announced that around two million users of the World App wallet had previously held the «bridged» version of USDC, which has now been updated to its native form.

Additionally, Circle has deployed the Cross-Chain Transfer Protocol (CCTP) within their network. According to the World team, this update will enhance the speed and reduce the cost of USDC transfers between blockchains.

This initiative will allow developers and users to fully leverage the advantages of DeFi composability.

Institutional clients will now have access to payment gateways through the Circle Mint platform.

Looking ahead, the issuer also plans to integrate support for the EURC stablecoin, pegged to the euro, into the World Chain network. The company stated that this addition will provide users from various countries with more financial opportunities.

In May, the blockchain project launched its services in six American cities, including Miami, Austin, and San Francisco. To fund its expansion within the U.S., World secured $135 million from Andreessen Horowitz and Bain Capital Crypto.

As of the time of writing, the native token WLD is trading at $1.09, reflecting a 4.8% decrease over the past day, according to CoinGecko.

The market capitalization of USDC exceeds $60 billion.

It’s worth noting that on June 5, Circle’s shares debuted on the NYSE under the ticker CRCL. On their first trading day, the stock prices surged by 168%, rising from $31 to $82.