Worldcoin Integrates Circle's USDC to Jack Up Global Transfers

Sam Altman’s Worldcoin has once again snagged substantial attention with its recent plans to integrate Circle’s USDC to jack up global transfers. An official announcement by the World team this Friday announced that USDC and Cross Chain Transfer Protocol (CCTP) V2 will be available shortly on the AI-powered network.

This update follows a recent advancement in the U.S., wherein World ID was launched in 6 key cities. Now, crypto market participants’ eyes remain glued to WLD, the blockchain’s native crypto, given the recent endeavors fuel optimism about future price prospects.

Worldcoin Integrates Circle’s USDC: Details

According to an official Worldcoin announcement on May 2, Circle’s USDC and CCTP V2 will be available shortly on World Chain. While users may already find bridged USDC currently available on the network, an upgrade to issue the digital dollar directly is in the pipeline.

The World Network’s colossal user base, ranging from Buenos Aires to Busan, has been accessing bridged USDC via ‘Mini Apps’ and sending remittances without predatory transfer fees. Now, with Circle’s stablecoin integration into the network, all existing bridged USDC held on World Chain will be converted to native USDC. This measure aims to provide users with coins that are 100% backed by highly liquid cash and cash-equivalent assets.

Moreover, with the CCTP V2 upgrade, cross-chain transfers become more seamless and cost-effective. Overall, this development aims to streamline user experience across the network, attracting further attention market-wide.

On the other hand, Worldcoin has also launched its World ID in the U.S., garnering additional attention in the sector. In turn, traders and investors are thoroughly eyeing the project’s native coin, WLD, expecting a bullish price shift amid major advancements.

At the time of reporting, WLD price witnessed a marginal 0.25% jump and traded at $1.04. The weekly price chart for the AI crypto illustrated a 12% pump. This broader rising action has kept investors hopeful about a bull run, with their optimism further uplifted due to the abovementioned developments.

Adding to this optimism, a WLD price prediction by CoinGape has revealed that bulls currently dominate the AI token, according to the 3-month bias indicator.