Company
Date Published
Author
Team Circle
Word count
799
Language
English
Hacker News points
None

Summary

The text provides a detailed guide on the differences between bridged USDC and native USDC, particularly focusing on migration best practices on the Aptos Mainnet. Bridged USDC is a synthetic form created by locking USDC in a smart contract on one blockchain and minting on another via a third-party application, while native USDC is the official version issued by Circle, fully backed by cash and cash-equivalent assets, and redeemable 1:1 for US dollars. The guide outlines best practices for distinguishing and handling these forms in UI/UX, emphasizing the transition to native USDC for its benefits, including full backing and institutional support. It also provides methods for developers and users to swap from bridged to native USDC using decentralized exchanges or centralized platforms like Coinbase. The document encourages the use of native USDC for its interoperability, reliability, and the support it receives from Circle's infrastructure, also mentioning the potential for collaboration with Aptos Labs to facilitate liquidity migration.