💲Circle’s USDC and cross-chain transfer protocol are coming to World Chain 💱
🔵 Circle’s stablecoin USDC and cross-chain transfer protocol will be integrated into Sam Altman’s World project, allowing users to convert their bridged USDC into native stablecoins.
The integration would allow nearly two million verified users on World who already hold bridged USDC in their World App wallets to convert them into native USDC.
This means all their stablecoin assets will be backed on a 1:1 ratio with U.S. dollars and other cash-equivalent assets.
Next, eligible businesses registered on the World Chain will be able to access institutional on/off-ramps via Circle Mint.
Additionally, developers can build using USDC directly into World App Mini Apps and tap into its globally distributed blockchain.
Most recently, World announced its expansion into the U.S, making it available for users living in Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco.
The project previously faced backlash from countries like Brazil and Hong Kong over privacy concerns due to the project’s iris-scanning verification system.
$USDC #Worldcoin