In an announcement on March fifth, the circle mentioned zero-knowledge-driven Ethereum (ETH) Layer 2 can be the primary blockchain to witness an USDC (USDC) improve. Linea is configured to maneuver from the bridged model of USDC to the native model.
Circle launched the Bridged USD normal in November 2023, and since then Stablecoin has change into probably the most bridged property within the crypto ecosystem.
New blockchains will typically deploy a bridged model of the at the moment $56 billion stubcoin to testnet or mainnet environments. Circle has added native assist to a number of EVM blockchains, rollups and different L2 platforms previously.
Nevertheless, Linea is about up as the primary blockchain community to bridge USDC or USDC.E, and has been seamlessly upgraded to native issuance. This implies a deployment that’s absolutely reserved and presents 1:1 safety in USD.
“We make historical past in circles by first upgrading from one thing bridged with zero destruction to native USDC. Similar contract addresses, no liquidity fragmentation, sooner, safer transactions – that is what constructing a seamless blockchain infrastructure seems like,” Linea posted on X.
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Upgrades will present a USDC.E bridging pause on March 16, 2025. Nevertheless, USDC.E stays out there for actions on the chain, reminiscent of buying and selling, spending, and swapping.
As Circle factors out in a weblog submit that introduced the launch of native USDC on Linea, assist additionally means entry to Stablecoin publishers’ cross-chain switch protocols.
The Circle can even add Linea’s CCTP V2 assist after the launch of the ZKEVM L2, connecting to Ethereum, avalanches and bases for cross-chain transfers.
Began by Consensys, Linea has seen important progress for the reason that mainnet was launched in July 2023. The variety of distributed purposes on the community exceeded 400, with greater than $250 million in transactions.
Use circumstances which can be seeing important progress embrace decentralized finance, video games, inappropriate tokens, and digital identities. L2 has secured a complete of gross as the highest ZKEVM, and for every Defillama, it at the moment has a complete of over $190 million locked.
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