World Chain Integrates Circle’s USDC and CCTP V2 for Enhanced Cross-Chain Transfers
02.05.2025 14:02
Circle’s stablecoin USDC and its upgraded Cross-Chain Transfer Protocol (CCTP V2) will be integrated into Sam Altman’s World project, enabling nearly two million verified users to convert bridged USDC into native stablecoins at a 1:1 ratio with U.S. dollars and other cash-equivalent assets. The integration will facilitate faster and more cost-effective cross-chain transfers, allowing users to send remittances without incurring high fees. Additionally, eligible businesses on the World Chain will gain access to institutional on/off ramps via Circle Mint, and developers will be able to integrate USDC directly into World App Mini Apps. The project also plans to roll out Circle’s MiCA compliant EUR-pegged stablecoin, EURC, in the near future. This move follows World Chain’s recent expansion into several major U.S. cities and addresses previous privacy concerns linked to the project’s iris-scanning verification system. Although the exact integration date is not provided, the development is expected to significantly enhance network utility and user experience on the World Chain.
The integration is likely to have a positive impact on WLD's price due to enhanced network utility and improved cross-chain transfer capabilities. With nearly two million users potentially benefiting from smoother and faster USDC transactions, the utility and attractiveness of the World Chain ecosystem may increase, driving demand for the native token. In the short term, this upgrade along with the recent U.S. market expansion could lead to a modest price surge, whereas, in the long term, as the ecosystem attracts more users and developers, the cumulative effect could further support upward price momentum.
Top Today
today / 11:40
BlackRock's Bitcoin ETF Experiences Historic $430 Million Outflow Amid Institutional Rotation to Ethereum
today / 08:44
Czech Justice Minister Pavel Blažek Resigns Over $44 Million Bitcoin Donation Linked to Drug Trafficker