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Circle Enables Minting of USDC on Polygon, Streamlining Transactions and Access to DeFi Applications

Circle, the stablecoin issuer, has launched a new initiative that allows users and developers to mint USD Coin (USDC) directly on the Ethereum layer-2 scaling protocol, Polygon. This eliminates the need to bridge the stablecoin from Ethereum to another blockchain, simplifying the process. The integration promises near-instant transactions with minimal fees, making it crucial for a range of applications, including payments, remittances, trading, borrowing, and lending.

Polygon Polygon $0.71
-2.43%
Polygon stablecoin USDC
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