Circle, the issuer of the world’s second-largest stablecoin by market cap USDC, plans to have the primary seamless bridged-to-native USDC improve rolled out on layer 2 blockchain Linea.
In an announcement on Mar. 5, Circle stated the zero-knowledge powered Ethereum (ETH) layer 2 would be the first blockchain to witness USDC (USDC) improve. Linea is ready to maneuver from a bridged model of USDC to a local model.
Circle launched the Bridged USD Commonplace in November 2023 and since then, the stablecoin has turn into probably the most bridged belongings inside the crypto ecosystem.
New blockchains usually deploy the bridged model of the at the moment $56 billion stablecoin of their testnet or mainnet atmosphere. Circle has, up to now, added native help to a number of EVM blockchains, rollups and different L2 platforms.
Nevertheless, Linea is ready to be the primary blockchain community to have its bridged USDC, or USDC.e, upgraded seamlessly to native issuance. It means deployment that provides the safety of being totally reserved and redeemable 1:1 for U.S. {dollars}.
“We’re making history with Circle by being the first to upgrade from bridged to native USDC with zero disruption. The same contract address, no liquidity fragmentation, just faster, more secure transactions—this is what building a seamless blockchain infrastructure looks like,” Linea posted on X.
The improve will see a bridging pause for USDC.e on March 16, 2025. Nevertheless, USDC.e will stay usable in on-chain actions resembling buying and selling, spending and swapping.
As Circle notes in its weblog submit saying the native USDC launch on Linea, help additionally means entry to the stablecoin issuer’s Cross-Chain Switch Protocol.
Circle can even add CCTP V2 help for Linea after the zkEVM L2’s native USDC launch, connecting it to Ethereum, Avalanche and Base for cross-chain transfers.
Launched by Consensys, Linea has seen notable development since its mainnet went stay in July 2023. The variety of decentralized purposes on the community has surpassed 400, with greater than $250 million in transactions.
Use instances seeing important development embrace decentralized finance, gaming, non-fungible tokens and digital id, amongst others. The L2 leads as the highest zkEVM by complete worth secured and, per DeFiLlama, at the moment boasts greater than $190 million in complete worth locked.
