Now Available: Native USDC and CCTP on EDGE Chain

Circle Internet Financial has launched native USDC and Circle Cross-Chain Transfer Protocol (CCTP) on EDGE Chain, enhancing the ecosystem with trusted digital dollars and seamless cross-chain USDC transfers for decentralized finance (DeFi) applications. This development allows EDGE Chain to serve as a robust platform for institutional-grade trading and lending, leveraging the security and interoperability of USDC and CCTP. The integration supports a variety of onchain activities, including perpetuals trading, by using USDC as core collateral and settlement currency. EDGE Chain, which uses Arbitrum for security and settles transactions back to Ethereum layer-1, aims to provide a trading experience similar to centralized platforms. Meanwhile, Circle Ventures has invested in edgeX, the team behind EDGE Chain, indicating confidence in EDGE's potential. The transition from bridged USDC.e to native USDC is underway, with efforts to ensure a smooth migration for ecosystem apps and users. USDC is an open-source, permissionless protocol, and Circle provides on/offramps for converting fiat currencies to USDC through Circle Mint, available primarily to institutions.