Circle Launches Native USDC on World Chain Network

The company Circle, known for issuing the second most popular stablecoin, USDC, has launched its asset on Sam Altman’s World project network.

Project representatives announced that nearly two million users of the World App wallet previously held a «bridged» version of USDC, which has now been upgraded to a native version.

Additionally, the company has introduced the Cross-Chain Transfer Protocol (CCTP) within the network. According to the World team, this development will enhance the speed and reduce the costs of transferring USDC between blockchains.

This initiative is expected to enable developers and users to fully leverage the benefits of DeFi composability.

For institutional clients, payment gateways will be made available through the Circle Mint platform.

In the future, the issuer plans to introduce support for the EURC stablecoin, pegged to the euro, on the World Chain. The company stated that this will provide users from various countries with greater financial opportunities.

In May, the blockchain project began operations in six American cities, including Miami, Austin, and San Francisco. To finance its expansion in the U.S., World raised $135 million from Andreessen Horowitz and Bain Capital Crypto.

As of the time of writing, the native token WLD is trading at $1.09 (-4.8% over the past day), according to CoinGecko.

USDC’s market capitalization exceeds $60 billion.

It is worth noting that on June 5, Circle’s shares were listed on the NYSE under the ticker CRCL. On its first trading day, the company’s stock soared by 168%, rising from $31 to $82.