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sam.usdc
@samusdc
Circle has often been launching native USDC on new blockchains after a large amount of USDC liquidity had already been bridged by third parties. While it’s true that developers and users can readily migrate from bridged USDC to native USDC, the ideal scenario would be to avoid a migration entirely. So, how can Circle simultaneously enable an early path to native USDC for new blockchains, solve the cold start problem, and avoid the pitfalls of liquidity fragmentation and lengthy migrations? This brings us back to permissionless composability and the power of community. Introducing: Bridged USDC Standard https://www.circle.com/blog/bridged-usdc-standard
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0xISTP🇰🇷
@rookiest
I just read the introduction below. It's an amazing project. Native USDC has the advantage of high reliability and official support, while bridged USDC is used to provide initial liquidity. Bridged USDC can be upgraded to native USDC later on!
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sam.usdc
@samusdc
Yeah it’s a great option
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0xISTP🇰🇷
@rookiest
I get the feeling that USDC is like a unified currency in the cryptocurrency market. Is that correct?
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sam.usdc
@samusdc
What do you mean by this? I do feel as if we connect the entire ecosystem. One of the main reason I enjoy working here compared to a single blockchain foundation
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0xISTP🇰🇷
@rookiest
Please understand that I'm using a translator. After reading the explanation, I get the feeling that USDC is like a standard currency.
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sam.usdc
@samusdc
I love how technology allows us to communicate. Yes USDC is the digital dollar representation of the most widely used currency in the world. I’m excited about our work on CCTP which makes it more easily available and interoperable across chains seamlessly
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0xISTP🇰🇷
@rookiest
Is it possible to service the various apps currently existing on L3 and their respective tokens all through USDC?
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