Company
Date Published
Author
Team Circle
Word count
563
Language
English
Hacker News points
None

Summary

Circle Internet Financial has announced the launch of native USDC and CCTP V2 on Sonic following an upgrade from Bridged USDC, enhancing liquidity, security, and capital efficiency within the ecosystem. This upgrade maintains the same contract address, ensuring current integrations remain unaffected, and introduces regulated, fully reserved USDC redeemable at a 1:1 ratio for US Dollars through Circle Mint. The new crosschain interoperability feature allows near-instant USDC transfers across supported blockchains with automation capabilities. Developers, DeFi applications, exchanges, and institutional traders can utilize USDC for various purposes such as digital asset trading, payments, and cross-border remittances. Businesses and individuals can convert fiat to USDC using Circle Mint, with documentation available for developers to build applications leveraging these new capabilities. Circle continues to focus on transforming the financial landscape by making money more accessible and efficient worldwide.