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Circle Begins Native Minting of USDC Stablecoin on Layer-2 Scaling Solution Polygon

Circle, the stablecoin issuer, has announced its plans to begin minting USD Coin (USDC) directly on the Polygon network. According to a press release issued on Tuesday, USDC is now accessible to users and developers on the Ethereum layer-2 scaling solution. This ends the bridged USDC from Ethereum (USDC.e), popular with many developers. USDC is the 6th largest cryptocurrency and the second-largest stablecoin by market cap, according to Coinmarketcap. The digital asset is an established and trusted asset that enables millions of customers to securely access and move their funds. Circle's collaboration with Polygon comes with many benefits.

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