Circle launches 'bridged USDC normal' for deploying to new networks

Circle has launched a brand new normal to streamline the method of launching its stablecoin, USDC, on new networks, based on a Nov. 21 weblog publish.

The brand new “bridged USDC normal” permits builders to launch the token by a two-phase course of. Within the first part, the third-party developer has management of the token contracts, and the token on the brand new community is backed by a local model on one other community. Within the second part, Circle takes management of the contracts, and the token turns into backed immediately by Circle’s reserves. The second part could not happen with all deployments.

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