{"id":23204,"date":"2023-08-31T13:32:55","date_gmt":"2023-08-31T13:32:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/optimism-circle-partnership-brings-native-usdc-to-op-mainnet\/"},"modified":"2023-08-31T13:32:55","modified_gmt":"2023-08-31T13:32:55","slug":"optimism-circle-partnership-brings-native-usdc-to-op-mainnet","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/optimism-circle-partnership-brings-native-usdc-to-op-mainnet\/","title":{"rendered":"Optimism, Circle partnership brings native USDC to OP Mainnet"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1678708678161-712ed1f1-dd7f-4d22-8894-dc072026c047-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1678708678161-712ed1f1-dd7f-4d22-8894-dc072026c047-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1678708678161-712ed1f1-dd7f-4d22-8894-dc072026c047-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1678708678161-712ed1f1-dd7f-4d22-8894-dc072026c047-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Optimism and USDC issuer Circle have announced native support for USDC on OP Mainnet.<\/li>\n<li dir=\"ltr\">The partnership is expected to spur institutional on and off-ramps for Optimism.<\/li>\n<\/ul>\n<p dir=\"ltr\">Optimism will soon have native support for USDC, the <a href=\"https:\/\/coinjournal.net\/news\/tag\/stablecoin\/\">stablecoin<\/a> issued by Circle. The development follows a partnership between the Ethereum layer 2 blockchain network and Circle, per details of the <a href=\"https:\/\/www.circle.com\/blog\/what-you-need-to-know-native-usdc-on-op-mainnet\" rel=\"noopener noreferrer\" target=\"_blank\">announcement<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re excited to be partnering with <a href=\"https:\/\/twitter.com\/circle?ref_src=twsrc%5Etfw\">@circle<\/a> to bring native <a href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDC<\/a> to OP Mainnet, further enabling institutional on and off-ramps to and from Optimism.<\/p>\n<p>References to Ethereum-bridged USDC will be changed to USDC.e in order to distinguish it from native USDC. <a href=\"https:\/\/t.co\/r8lIQhJd3Z\">https:\/\/t.co\/r8lIQhJd3Z<\/a><\/p>\n<p>\u2014 Optimism (\u2728\ud83d\udd34_\ud83d\udd34\u2728) (@optimismFND) <a href=\"https:\/\/twitter.com\/optimismFND\/status\/1696930564245225751?ref_src=twsrc%5Etfw\">August 30, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">USDC liquidity to boost Optimism ecosystem<\/h2>\n<p dir=\"ltr\">USDC\u2019s native access on the Optimism blockchain becomes the official form of the stablecoin for the network. This form of USDC liquidity will eventually replace the Ethereum-bridged USDC, which will in the meantime be labelled as USDC-e on block explorers.<\/p>\n<p dir=\"ltr\">According to Circle, the launch of its stablecoin natively on the Optimism mainnet allows users to access a dollar-backed token \u201cthat\u2019s fully reserved and always redeemable 1:1 for US dollars.\u201d It also brings to users institutional on and off-ramps, a factor likely to boost the broader Optimism ecosystem. Circle helped achieve the same with <a href=\"https:\/\/coinjournal.net\/news\/circle-to-launch-usdc-natively-on-arbitrum\/\">native USDC launch on Arbitrum<\/a> in June, and recently on Base.<\/p>\n<p dir=\"ltr\">Price reaction to the news has largely been muted, with OP trading near $1.48 and down 0.5% in the past 24 hours. At the time of writing, data from CoinGecko showed OP price has fluctuated between $1.41 and $1.59 in the past week, currently down 5.3% during this timeline.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/optimism-brings-native-usdc-to-op-mainnet\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Optimism and USDC issuer Circle have announced native support for USDC on OP Mainnet. The partnership is expected to spur institutional on and off-ramps for Optimism. Optimism will soon have native support for USDC, the stablecoin issued by Circle. The development follows a [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23204"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23204"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23205"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}