Circle's Bridged USDC Standard Integrated into Scroll Mainnet

By Scroll
Jan 16, 2024, 9:38 AM
twitter

Circle's Bridged USDC Standard has been integrated into Scroll Mainnet, providing a significant composability upgrade that enhances user security and removes liquidity fragmentation for USDC.​ This new contract standard allows Circle to deploy a bridged form of USDC on Scroll while retaining the option to upgrade to native USDC issuance in the future.​ The integration brings advantages such as removing liquidity fragmentation, issuing USDC directly by Circle, and the ability to always verify full reserves.​ The upgrade improves security and user experience for the Scroll community.​

Sources

We are thrilled to announce that @circle's Bridged USDC Standard is now integrated into @Scroll_ZKP Mainnet ๐Ÿ“œ This new contract standard introduces a significant composability upgrade that enhances user security and removes liquidity fragmentation for USDC on Scroll. ๐Ÿ‘‡ ๐Ÿ‘‡

Circle
Circle
@circle

Introducing Bridged USDC Standard, a new way to expand access to $USDC & reduce fragmentation. EVM blockchain & rollup teams can now deploy a bridged USDC token contract with optionality for Circle to seamlessly upgrade to native issuance in the future. circle.com/blog/bridged-uโ€ฆ

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