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RE: LeoThread 2023-10-12 11:30

in LeoFinance • last year

🧵 1. Stablecoin issuer Circle now mints USD Coin (USDC) directly on Polygon, allowing users and developers easy access without bridging to another blockchain. #crypto

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    🧵 5. Circle plans to enable interoperability using a cross-chain transfer protocol, connecting Polygon-based USDC with other blockchain networks, unlocking transfers between Polygon and Ethereum.

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    🧵 2. Circle's native Polygon USDC offering enables near-instant, low-fee transactions for payments, remittances, trading, borrowing, and lending. Boosting scalability and usability on Polygon.

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    🧵 3. Previously, users had to rely on bridged USDC, but the new Circle offering allows for 1:1 redemption for USD. Starts discontinuing the bridged service from Nov. 10.

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    🧵 4. Circle's native Polygon USDC paves the way for low-cost global payments, remittances, and access to major decentralized finance protocols like Aave, Compound, Curve, Uniswap, and QuickSwap.