In an effort to expand the circle, the bridge introduced the USDC level

Circle Bridge introduces a new and simpler way for any Ether-Virtual Machine (EVM) blockchain to deploy USDC on-chain.

“Ideally, Circle could bring native USDC to every safe, secure and promising new blockchain network launched,” the statement said.

Circle's new level improves emerging blockchains

As recently announced by Circle, the new standard aims to increase the efficiency of blockchain. Especially users of new blockchains who want a quick start.

“Interestingly, bridged USDC types play a key role in solving the “cold start” problem of generating activity on new blockchain networks. Unlike native USDC, bridged USDC types can be quickly rolled out by new L1 and L2 package teams in addition to third-party bridge deployers.

The announcement also highlighted that Circle has started introducing native USDC on its upcoming blockchains. However, only once has significant USDC liquidity been bridged by external entities.

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USDC is pegged to the USD, and is trading at $0.99 at the time of publication.

Most USDC adoption is happening outside the US.

Meanwhile, developers and users can switch from bridged USDC to native USDC without any effort, he said.

However, the ideal situation is to avoid immigration altogether.

This comes after recent reports that USDC adoption is increasing outside the US itself.

In the year On August 8, BeenCrypto reported that Circle CEO Jeremy Allaire announced that the company will no longer focus solely on the US market. In fact, it is the opposite.

Despite all the hype about the US, we estimate that 70% of USDC stablecoin adoption is non-US.

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