A News
Biometric Crypto Identity Project World Adds Local Support for USDC Stablecoin
Circle announced the launch of the USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) V2 on the World Chain.
This development allows nearly two million users who previously held bridged USDC in World Application wallets to upgrade to locally issued USDC directly from Circle, thereby ensuring that their assets are now fully backed by liquid cash and cash-equivalent assets. With over 27 million users in 160 countries, the World Chain enables participants to send remittances without high fees, facilitating fast and cost-effective transfers. The integration enhances the utility of USDC, allowing developers to incorporate it into World Application Mini Apps and offering businesses corporate onboarding/offboarding ramps through Circle Mint.
This upgrade not only accelerates the World Network but also expands access to a regular digital dollar and includes plans to support EURC in the future.