World Chain Integrates Circle's USDC Stablecoin and Launches Cross-Chain Transfer Protocol (CCTP V2)

World Chain has officially completed its integration of Circle's native USDC stablecoin and the latest version of its Cross-Chain Transfer Protocol (CCTP V2).

World Chain, the biometric identity-centric blockchain, has completed the integration of Circle’s native USDC stablecoin and the latest version of its Cross-Chain Transfer Protocol (CCTP V2). The move follows the announcement of the partnership earlier this year, and it brings the two platforms closer in their goal of fostering a more secure and accessible digital financial ecosystem.

Among the most well-known and regulated stablecoin issuers in the world, Circle is best recognized for its USDC stablecoin, which is now a standard asset across various blockchain networks. Prior to this integration, bridged USDC was used on World Chain. However, this migration marks the transition to a native USDC, recognized by the network for greater financial efficiency and security.

CCTP V2 Brings Real-Time USDC Transfers Across Blockchains

With this upgrade, native USDC is now fully operational on World Chain. The process of swapping bridged to native USDC was non-disruptive, or in other words, the initial contract address remains the same. As a result, developers and users of integrations will not have to perform any actions, and their integrations will continue to function as usual. This carefully considered migration enables backward compatibility while providing the benefits of improved liquidity and the certainty of a native asset.

Moreover, the upgrade brings substantial benefits to developers and institutions. Being fully regulated, native USDC is accepted on a one-to-one basis with U.S. dollars and can be redeemed at Circle Mint. This presents a clear and scalable digital dollar platform for various financial applications, such as trading, cross-border payments, and decentralized finance (DeFi) applications. Consequently, World Chain can now support safer and more reliable financial transactions that are guaranteed by institutional quality standards.

Furthermore, the protocol inclusivity of CCTP V2 grants users the ability to transfer USDC across supported blockchains in close to real-time. This cross-chain capability is a crucial enhancement in multi-chain environments. The protocol allows for maximal capital efficiency, eliminates liquidity lockups, and minimizes risk by reducing dependence on third-party intermediaries, limiting it to the level of trust in the blockchain. Lastly, developer features like programmable Hooks empower developers to easily automate follow-up actions after a transfer, leading to smoother user experiences and new innovation possibilities.

The partnership also brings native USDC functionality to World Chain’s Mini Apps ecosystem. Developers can now add trusted, dollar-backed payments to their apps, aiding in the development of peer-to-peer services, savings apps, and online marketplaces, ultimately allowing for greater real-world application in a rapidly digitalizing economy.

Circle, World Chain Explore Verified ID for Safer USDC Transactions

Beyond the integration of USDC and CCTP V2, Circle and World Chain are exploring ways to enable identity-verified transactions, aiming to be powered by World ID. For instance, apps like Daimo Pay, Morpho, and World App already use these tools to mitigate fraud andીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીીી