Company
Date Published
Author
Team Circle
Word count
614
Language
English
Hacker News points
None

Summary

Native USDC and CCTP V2 are set to launch on Starknet, a zk-rollup Layer 2 platform designed to enhance Ethereum's scalability, reduce fees, and maintain high security standards. This development will introduce the regulated stablecoin USDC, which can be redeemed 1:1 for US dollars, alongside CCTP V2, enabling secure, efficient crosschain transfers. Starknet's ecosystem, which includes DeFi apps, gaming, and payment solutions, will benefit from these additions by integrating USDC to facilitate near-instant settlements and crosschain functionalities. While native USDC will gradually replace Bridged USDC (USDC.e) from Ethereum, existing bridges will continue to function without immediate changes. The launch promises to unlock new opportunities for institutions, developers, and users by providing a robust infrastructure for financial applications.