World Chain, The Blockchain of Sam Altman-Backed World Network, is now host for native USDC, the Stablecoin published by recently mentioned Crypto Firm Circle (CRCL), the companies said Wednesday.
World Network has also become a member of Circle’s Cross-Chain Transfer Protocol (CCTP V2), allowing users to move USDC over a series of block chains.
About 2 million World Network users already bridged USDC, and this has now been upgraded to Native USDC that has been issued directly by Circle, according to a press release. Companies can use Circle Mint to convert directly between Fiat and USDC on the Layer-2 blockchain, making global on/off-disasters and cross-chain swaps possible without third-party bridges, according to the release.
Stablecoins may be the most popular subsector within Crypto, with an abundance of mainstream applications that come online day after day and Circle’s recent IPO success for extra good measure. World Network, the ecosystem cultivated from the Worldcoin data that collecting ORB from OpenAI founder Altman, has piled up on applications, including offering wallets with a full range of bank-like services by Visa.
The cross-chain options that are added to World Network means that developers, companies and consumers can move quickly and easily according to the release and fully benefit from the decentralized finance (Defi) composability.
Credit : cryptonews.net
