Company
Date Published
Author
Team Circle
Word count
824
Language
English
Hacker News points
None

Summary

Circle Internet Financial is set to introduce native USDC and CCTP V2 to World Chain, enhancing cross-chain financial transactions and expanding access to digital dollar services. World Chain, part of a project co-founded by Sam Altman and Alex Blania, is designed to cater to real users with applications for everyday life, supporting sybil-resistant user experiences and human-centric financial access. With a global reach of over 25 million users across 160 countries, World Chain is now entering the U.S. market. The existing bridged USDC will be upgraded to native USDC, fully reserved and redeemable for USD, requiring no action from developers or users. This upgrade will facilitate secure, near-instant USDC transfers across various blockchains, including Avalanche, Base, Ethereum, and Linea, with additional blockchain support planned. The introduction of native USDC and CCTP V2 aims to power real-world financial use cases like P2P payments and ecommerce within World App's Mini Apps, offering seamless multichain experiences. The upgrade process involves pausing USDC bridging, transferring contract ownership to Circle, and ensuring continued functionality of bridged USDC during the transition.