Stablecoin issuer Circle is adding its USDC stablecoin to Polygon blockchain on its payments and treasury platform, the company announced Tuesday. Circle Adds USDC to Polygon Circle is expanding beyond the Ethereum mainnet for the first time by launching support for its USDC stablecoin on the Polygon blockchain. The move will enable Polygon-based businesses and developers to decrease settlement times and lower costs by directly accessing USDC using Circle Account. Users will also be able to convert fiat currency to Polygon USDC in just seconds. Commenting on the initiative, Circle CEO and co-founder Jeremy Allaire said: “Supporting Polygon USDC in the Circle Account and Circle APIs is another step toward making USDC interoperable across more leading blockchains, helping foster greater adoption for dollar digital currency on the internet. ” 1/8 Circle is proud to announce support for @0xPolygon USDC on Circle’s platform! Businesses can now deposit and withdraw #PolygonUSDC using the Circle Account and Circle APIs, no manual bridging required. https://t.co/RlwvcBbuYO — Circle (@circlepay) June 7, 2022 Polygon USDC is a bridged version of USDC as opposed to a native implementation such as the ones issued on blockchain platforms such as Algorand, Avalanche, Ethereum, Flow, Hedera, Solana, Stellar, and Tron. While Polygon-native USDC may be new, USDC isn’t. It was launched back in 2018. Issued by Circle, USDC is the second-largest ...
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