Circle, a stablecoin issuer, announced it has begun minting USD Coin USDC$1.00 natively on Polygon, an Ethereum layer-2 scaling protocol, stated Cointelegraph.
Sources revealed that USDC will be accessible to users and developers without bridging the stablecoin from Ethereum to another blockchain. Circle Mint and Circle’s developer application programming interfaces (APIs) are expected to support Polygon-based USDC, tapping into Polygon’s scaling capabilities.
“1/ It’s official. #ItsStillStableSeptember and $USDC are now available natively on @0xPolygon
PoS mainnet! Learn the benefits of native USDC and how to switch from bridged USDC.e ,” Circle tweeted.
Furthermore, the new offering might enable near-instant, low-fee transactions for various use cases, including payments, remittances, trading, borrowing and lending, Cointelegraph concluded.
(With insights from Cointelegraph)