Well now, gather ’round, folks! It seems that Circle has decided to throw its hat into the ring, expanding the reach of its US dollar-pegged stablecoin like a cat on a hot tin roof. They’ve launched native USDC on World Chain, a blockchain project that’s got more backing than a politician in an election year, courtesy of none other than Sam Altman, the big cheese at OpenAI.
In a move that would make even the most seasoned poker player raise an eyebrow, they’ve replaced those previously bridged USDC tokens with shiny new native assets straight from Circle’s own mint. This, they say, improves security, liquidity, and integration within the World ecosystem. Well, bless their hearts!
Now, this transition comes on the heels of a whirlwind of activity. Circle just made its grand entrance onto the New York Stock Exchange, and Worldcoin’s World project has been busy launching its US operations, dodging regulatory hurdles like a rabbit in a field of snakes.
Bridged USDC Converted to Native Circle-Issued Tokens
They claim this integration aligns Circle’s regulated digital dollar with a network that’s already serving over 27 million users across 160 countries. Before this upgrade, nearly two million users of the World App were holding onto those bridged USDC tokens, like a squirrel hoarding acorns for winter.
But fear not! Those bridged tokens have now been magically converted to native USDC issued by Circle, giving users access to fully backed stablecoins with more assurances than a politician’s promise. With this migration, the USDC on World Chain is now as secure as a bank vault, fully collateralized by cash and short-term US Treasuries held in Circle’s reserves.
This change wipes out the risks associated with those pesky bridged assets, like third-party custodial vulnerabilities. Now, users can access a cornucopia of dollar-denominated tools, from peer-to-peer remittances to micro-app payments within the World Chain ecosystem. The stablecoin’s upgrade is now live and kicking!
CCTP V2 Integration Enhances Interoperability
But wait, there’s more! Alongside the native USDC launch, Circle has also rolled out its Cross-Chain Transfer Protocol Version 2 (CCTP V2) on World Chain. This upgrade allows users and developers to move USDC across multiple blockchains without relying on those old-fashioned bridges, reducing friction, costs, and potential delays faster than a jackrabbit on a date.
For developers building on World App’s Mini App platform, this means they can now embed USDC directly into their services without needing to call in the cavalry. Businesses and institutions using Circle Mint can also access on- and off-ramps for fiat conversions. The announcement read:
And with CCTP V2, transferring USDC across supported chains is faster and more cost-effective. This means developers, businesses, and consumers alike can quickly and easily move funds and fully benefit from DeFi composability. Ain’t that a hoot?
World Chain’s infrastructure is like a well-oiled machine, positioned as an identity-layered blockchain with a globally distributed user base. By integrating Circle’s stablecoin directly into its core stack, the network could accelerate mainstream financial utility and provide cross-border value transfers for both individuals and enterprises. Talk about a win-win!
And if that wasn’t enough, Circle and World have hinted that EURC, Circle’s euro-backed stablecoin, might just be added to the platform in future iterations. So, keep your eyes peeled, folks!
Featured image created with DALL-E, Chart from TradingView
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2025-06-12 07:44