Circle has recently begun minting its USDC stablecoin on Ethereums layer 2 platform, Polygon with the aim of improving transaction efficiency and reducing fees.
In an announcement Circle, a player in the stablecoin industry revealed that it will now produce its USD Coin (USDC) on Polygon, Ethereums layer 2 platform. This strategic move eliminates the need to transfer USDC between Ethereums network and other blockchains.
This transition ensures that Circles Mint tool and developer interfaces are now fully compatible with Polygons efficient scaling capabilities.
This decision is particularly noteworthy for businesses and app developers as they can now build applications using USDC on the Polygon system. Circle emphasizes the advantages of instantaneous transactions at lower costs. This new arrangement has the potential to
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First found on: Circle Begins Direct USDC Minting on Ethereum Polygon
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