Worldcoin’s blockchain, World Chain, just got a major upgrade: native support for Circle’s USDC stablecoin. This means users no longer rely on third-party bridges to use USDC on the platform.
Native USDC: A Big Improvement
Before this update, almost two million World App users held USDC that was bridged from other blockchains. Bridged tokens carry extra risks. Now, those tokens have been automatically swapped for native USDC, directly issued by Circle. This makes things much safer and more reliable because it’s backed by actual cash and US Treasuries. This also opens up more financial tools for users, making things like peer-to-peer payments smoother.
CCTP V2: Seamless Cross-Chain Transfers
Along with native USDC, World Chain also integrated Circle’s Cross-Chain Transfer Protocol version 2 (CCTP V2). This lets users easily move USDC between different blockchains without the usual hassles of traditional bridges – think faster transfers and lower costs. For developers building apps on World App, this means integrating USDC into their services is a breeze. Businesses can also easily convert fiat currency to and from USDC.
What This Means for Users and Developers
This is a big deal for World Chain’s 27 million+ users across 160 countries. Having native USDC makes the platform more user-friendly and opens up new possibilities for financial transactions. For developers, the improved interoperability thanks to CCTP V2 makes building decentralized finance (DeFi) applications much easier.
Looking Ahead
Circle and Worldcoin hinted that EURC, Circle’s euro-backed stablecoin, might join the party on World Chain in the future. This partnership looks set to boost World Chain’s adoption and bring more mainstream financial services to its global user base.
