Native USDC Arrives On Linea With Industry's First Bridged-to-Native Upgrade

by
Alisa Davidson

Printed: March 05, 2025 at 10:21 am Up to date: March 05, 2025 at 10:21 am

by Ana

Edited and fact-checked:
March 05, 2025 at 10:21 am

In Transient

Linea would be the first blockchain to have Circle’s Bridged USDC Customary upgraded to native USDC and acquire assist for CCTP V2 following its mainnet launch.

Native USDC Arrives On Linea With Industry's First Bridged-to-Native Upgrade

International fintech firm and stablecoin issuer Circle has introduced the launch of native USDC on the zkEVM Layer 2 blockchain Linea.

Linea, a zkEVM Layer 2 blockchain developed by ConsenSys, is designed to scale Ethereum whereas sustaining its safety and decentralization. Since its launch in July 2023, Linea has rapidly gained traction, securing over $183 million in Whole Worth Locked (TVL) throughout greater than 400 functions and processing 250 million transactions, making it the most important zkEVM blockchain by whole worth secured.

With this new launch, Linea will develop into the primary blockchain to transition seamlessly from bridged USDC to native USDC with out requiring any motion from builders or customers. Moreover, Linea would be the first blockchain to assist CCTP V2, following its upcoming mainnet launch on Avalanche, Base, and Ethereum. CCTP V2 introduces a burn-and-mint course of, permitting for safe, capital-efficient USDC transfers throughout blockchains, with faster-than-finality settlement and improved good contract composability for post-transfer operations, all with out the necessity to lock liquidity.

Native USDC is coming to @LineaBuild with the trade’s first bridged-to-native improve!

Within the coming weeks, Circle will seamlessly improve Linea’s Bridged USDC Customary implementation to natively issued USDC.

Linea can even acquire assist for CCTP V2 after its upcoming… pic.twitter.com/vvrz8IGWdv

— Circle (@circle) March 5, 2025

Linea, as one of many early adopters of the Bridged USDC Customary, showcased the benefits of this method by minimizing liquidity fragmentation. It did so by making a single unified model of bridged USDC for the ecosystem to make the most of. This normal performed a key position in jumpstarting exercise inside the Linea ecosystem, with greater than $19 million in bridged USDC, making up over 71% of its stablecoin circulation.

The transition to native USDC will present important advantages to Linea’s builders, functions, and customers. This improve ensures a seamless expertise by eliminating the necessity for ecosystem training or liquidity migration incentives. After the improve, bridged USDC (USDC.e) on Linea will routinely be transformed to native USDC (USDC), with no requirement for code adjustments or asset swaps by functions or token holders.

Native USDC, together with CCTP V2, provides a number of vital options, together with regulatory compliance, being absolutely reserved, and redeemable on a 1:1 foundation for US {dollars}. It additionally gives entry to institutional on/off-ramps by way of Circle Mint for eligible companies. The mixing of native USDC into each new and current apps will probably be easy, enabling quick, safe, and environment friendly cross-chain transactions.

How The Improve Will Be Applied

The improve course of, anticipated to take roughly 1-2 weeks. First, on March 16, Linea will pause the bridging exercise for bridged USDC (USDC.e) on its most important bridge between Ethereum and Linea, whereas guaranteeing any pending transactions are settled. Different bridging routes won’t be affected by this pause.

Subsequent, Linea will switch the possession of the bridged USDC contract to Circle, which is able to pave the way in which for the improve to native USDC. Following this, Circle will launch CCTP V2 on Linea, establishing connections to Avalanche, Base, and Ethereum for environment friendly and seamless cross-chain transfers of USDC.

All through this improve interval, bridged USDC (USDC.e) on Linea will stay absolutely useful for buying and selling, spending, and swapping. Customers will have the ability to swap USDC.e for any supported asset and bridge to different blockchains by way of third-party bridging suppliers.

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About The Creator

Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.