Circle has launched USDC, CCTP, Circle Wallets, and Circle Contracts on the Monad platform, enhancing DeFi capabilities and cross-chain interoperability. The USDC on Monad is fully reserved and regulated, maintaining a 1:1 USD backing. CCTP facilitates secure cross-chain USDC transfers by burning tokens on the source chain and minting them on the target chain.
Circle Wallets offer secure, embedded wallet infrastructure for developers, while Circle Contracts provide pre-audited templates to streamline smart contract development. The launch supports various use cases, including DeFi, trading, and payments, with major partners like Coinbase, Curve, and Wormhole already integrated. Developers can access testnet USDC and sandbox wallets to start building on the platform.
Circle Launches USDC on Monad for Enhanced DeFi and Cross-Chain Payments
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