NEAR blockchain & Circle(USDC) 2023
This is reported by the issuer of the stablecoin company Circle in its blog:
“We are announcing that the SDK is now available natively on NEAR and is accessible from the Circle account and the Circle API.
Circle provides USDC natively on new blockchain networks to give developers the opportunity to build on a stable foundation that they can rely on.
The company’s further plans are to launch Cosmos (ATOM), Polkadot (DOT) and Polygon (MATIC) blockchains during the autumn.
Infrastructure expansion continues. 🔥
Introducing NEAR USDC: Your Gateway to a New World of Opportunities
NEAR USDC has just gone live, opening up a realm of possibilities for developers, businesses, and users alike. This native integration of USDC within the NEAR ecosystem offers a host of benefits, and it’s now at your fingertips through Circle Account and Circle APIs. Below, we’ve distilled all the key information into convenient lists to help you grasp the essence of this exciting development.
About NEAR Protocol
- High-performance blockchain
- Frictionless user onboarding
- Utilizes sharding technology for low-cost, lightning-fast transactions
- Settlement in seconds
Native vs. Bridged USDC Native USDC (Circle-Issued):
- Officially issued by Circle
- Always redeemable 1:1 for US dollars
- Compatible with Circle Account and Circle APIs
Bridged USDC (USDC.e – Bridged from Ethereum):
- Not issued by Circle
- Incompatible with Circle Account and Circle APIs
Token Details For Bridged USDC (USDC.e):
- Token Symbol: USDC.e
- Token Address: a0b86991c6218b36c1d19d4a2e9eb0ce3606eb48.factory.bridge.near
For Native USDC (Circle-Issued):
- Token Symbol: USDC
- Token Address: 17208628f84f5d6ad33f0da3bbbeb27ffcb398eac501a31bd6ad2011e36133a1 (Note: Avoid sending bridged USDC.e on NEAR to your Circle Account to prevent potential loss of funds.)
Migration Plans
- NEAR Foundation will collaborate with ecosystem partners to facilitate the transition of liquidity from bridged USDC to native USDC.
Unlocking Possibilities with NEAR USDC
NEAR USDC is a game-changer for various stakeholders, offering numerous use cases and opportunities:
- Low-cost global payments and remittances in seconds
- 24/7 trading, borrowing, and lending on apps like Burrow, Orderly, and Ref Finance
- Enabling users to securely hold digital dollars without traditional bank accounts
Get Started Today
For Businesses:
- Access fiat-to-NEAR USDC on/off-ramps by applying for a Circle Account.
For Developers:
- Dive into NEAR USDC with our developer documentation.
- USDC is an open-source, permissionless protocol that empowers everyone to build upon it.
