We are excited to announce that Fantom's canonical stablecoin, $USDC.

04 Apr 2024, 14:04

We are excited to announce that Fantom's canonical stablecoin, $USDC.e, will launch tomorrow (April 5), supported by Circle and Wormhole 🎉 USDC.e on Wormhole is bridged from native $USDC, located in a smart contract on Ethereum, and holds the potential to be upgraded to native USDC in the future. It will be the official, endorsed stablecoin of the #Fantom ecosystem (and all future network upgrades). This initiative reduces liquidity fragmentation, introduces stability, and provides additional on-ramps onto the ecosystem. By leveraging the Wormhole Native Token Transfers (NTT) standard, USDC.e will be available to all users and developers on Fantom: 💻 Developers: Build on bridged USDC with a contract address that will persist even if there is an upgrade to native USDC. No code change needed to support the new asset. Find the tools here: 👥 Users: Store, pay, trade, borrow, and lend with bridged USDC that would automatically become native USDC should there be an upgrade. No need to swap to the new asset. 🌍 Ecosystem: Avoid the time-consuming liquidity migration process of educating and incentivizing users to move from bridged USDC to native USDC should there be an upgrade. We'll be providing liquidity for the canonical stablecoin on Wormhole, making it easy and accessible for users to bridge assets to Fantom and unifying on-chain liquidity. Should a mutual decision be made between Circle and Fantom to upgrade to native USDC, all USDC.e tokens seamlessly transition to native USDC without the need for developers to update any contract addresses or swap to the new asset. 🔄 RT + share: