What You Need to Know: Native USDC on ZKsync

Circle Internet Financial is preparing to launch native USDC on zkSync, transitioning from the current bridged USDC, which is sourced from Ethereum via the zkSync Era Bridge. Native USDC, issued by Circle, will become the official form of USDC for the zkSync ecosystem, with the expectation that its liquidity will eventually surpass that of the bridged version. The native USDC is regulated, fully reserved, and redeemable 1:1 for US dollars, offering benefits such as institutional on/off-ramps and easy integration into existing decentralized applications. Ahead of this launch, the bridged USDC will be renamed USDC.e on block explorers and in ecosystem applications to differentiate it from the native form. Although there will be no immediate changes to the zkSync Era Bridge, Circle is facilitating the transition by providing ecosystem decentralized exchanges and applications with the necessary support, including a testnet USDC on zkSync Era Sepolia. Circle emphasizes the importance of this development for the zkSync ecosystem and encourages interested parties to seek further information via their Discord channel.

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