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Circle’s $USDC.e Launches on IoTeX

Twitter icon  •  Published 1ヶ月前  •  Hassan Maishera

The IoTeX team announced via a blog post on Wednesday that the Bridged USDC Standard specification from Circle is now live on IoTeX.

The IoTeX team announced via a blog post on Wednesday that the Bridged USDC Standard specification from Circle is now live on IoTeX. The current ioUSDC will be migrated to USDC.e.

ridged USDC Standard provides a secure and standardized method for any EVM blockchain and rollup team to transfer ownership of a bridged USDC token contract to Circle.

The team revealed that the USDC.e stablecoin will be a core pillar of IoTeX’s DeFi and DePIN ecosystems, centering builders and users around a single stablecoin to avoid liquidity fragmentation. USDC.e will enable DePIN projects to incorporate seamless payments and transfers into their applications and settle transactions for real-world assets to the blockchain. 

IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IoT) network, including data collection, transport, storage, and utilization. IOTX is down 1% today and is currently trading at $0.03219. 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.