According to PANews on June 11th, the official announcement of World Chain stated that the native USDC and cross-chain transfer protocol CCTP V2 issued by Circle have now been integrated into World Chain.
This integration is of great significance. Previously, the bridged USDC in the wallets of 27 million users on World Chain was automatically converted to the native USDC directly supported by Circle, achieving 100% support for cash and cash equivalents. This move not only enhances liquidity and reduces the risks associated with synthetic bridging, but also enables users to access Circle’s full range of deposit and withdrawal infrastructure. Meanwhile, after integrating Circle’s CCTP V2, users and developers can transfer USDC more quickly and at a lower cost on multiple chains, providing a strong impetus for the stablecoin application and the development of the decentralized finance (DeFi) ecosystem of World Chain worldwide.
World Chain was developed by Tools for Humanity and supported by Sam Altman. It emphasizes digital identity through its World ID system, and more than 27 million people worldwide have been verified. By combining identity authentication with native USDC, this network is designed to support applications that require user verification, such as anti-fraud payments, peer-to-peer transfers, and access to restricted financial instruments. Applications such as Daimo Pay and Morpho have begun to combine these identity functions with USDC for verification payments and transfers.
Circle launched USDC in 2018. To date, it has processed over 25 trillion US dollars of on-chain transactions and currently has a circulating supply of nearly 60 billion US dollars. It is the second-largest stablecoin in the world and is fully backed by US dollar reserves. Earlier this month, Circle went public on the New York Stock Exchange. The company’s share price soared on its first day of trading, with a market value exceeding 20 billion US dollars. This cooperation with World Chain is an important move for Circle to introduce the regulated dollar infrastructure into the identity-based blockchain. Both sides hope to expand financial services on the basis of stronger guarantees in terms of trust, speed and compliance.
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