Circle Launches USDC Chain Abstraction Tool for Devs

Circle has unveiled a new tool for developers that will allow holders of its USDC stablecoin access a unified balance across supported blockchains.

In a blog post published today, July 1, the company announced Circle Gateway, which, when integrated into a service, lets users access their total USDC balance across different supported blockchains, without the need to bridge their stablecoins.

CRCL is currently trading near $187 per share, up about 3% today, and over 500% from its IPO price. USDC currently has a market cap of over $61 billion, making it the second-largest stablecoin after Tether’s USDT, with over $157 billion.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

2.22K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.