Bridged USDC (Chainport) USDC

1. Summary

Ranks

Liquidity

44

Developer

-

Social

11

Momentum (beta)

70

Stack Rank™

-

Price

$1.00 -0.1%

Market Cap

$257,647.00 (#5426)

Supply

0.00 /

Tags

Bridged USDC

More Metrics

Price
52W High price	$1.02
52W High date	15th Mar 2024 (11 months ago)
All Time High (ATH) Date	15th Mar 2024 (11 months ago)
ATH Price	$1.19
% From ATH	-15.81%
All Time Low (ATL) Date	8th Mar 2024 (11 months ago)
ATL Price	$0.77
% From ATL	30.37%

Supply & Trading Volume
Trading Volume (24h)	$13,879.00

Less Metrics

Description

Bridged USDC (Chainport)

Read More

Bridged USDC (Chainport)

Bridged USDC is a bridged form of the USDC stablecoin supported on various EVM (Ethereum Virtual Machine) blockchains. It is managed by a standardized process that allows for secure and seamless upgrades to native USDC when needed. Third-party blockchain teams can deploy and manage these bridged USDC tokens following the Bridged USDC Standard maintained by Circle, which provides guidelines for deployment and potential upgrades to native USDC.

Features

• Security and Upgrades: Bridged USDC tokens can be upgraded to native USDC, ensuring a high level of security and usability.
• Interoperability: Bridged USDC tokens are designed to be interoperable and can be transferred between different platforms and applications.
• Regulated Issuance: USDC is issued by regulated financial institutions and is backed by a corresponding reserve of US dollars.
• Functionality: Bridged USDC can be used in various financial applications, such as lending and borrowing in DeFi protocols and yield farming.

Deployment

• Token Deployment: Bridged USDC tokens are deployed following specific guidelines and standards to ensure compatibility and security.
• Token Naming and Symbol: Tokens are named and symbolized according to Circle's recommendations (e.g., Bridged USDC (Third-Party Team) with the symbol USDC.e).

Third-Party Support

Third-party blockchain teams, like ChainPort, can use the Bridged USDC Standard for seamless bridging and upgrading. ChainPort, a cross-chain bridge platform, has implemented the standardized process for bridging USDC to various networks, ensuring secure and cost-effective transfers of assets across different blockchains.

Show Less