Circle to enable USDC on Monad mainnet on day 1

Circle will deploy its stablecoin, its transverse transfer protocol and its portfolio on the Blockchain Mainnet of layer 1 when it is put online.

The Circle and Monad Foundation has announcement This USDC (USDC), the stablecoin of $ 60 billion available natively on most blockchains in cryptographic space will be posted on Monad’s channel on day 1 of the Mainnet.

Monad, a L1 blockchain which aims to provide a parallel execution to Ethereum (Ethn) The virtual machine with 10,000 transactions per second is currently in Testnet.

As well as the foal, Circle plans to bring its CCTP V2 and Circle portfolios to the developer of the Blockchain network developer. This means that Circle will support the growth of the MONAD network by allowing developers to draw from the deep liquidity of the USDC and the regulation of confidence.

Developers can take advantage of it to create and deploy high performance applications for decentralized finances, games and payments.

CCTP V2, an upgrade of the Circle Cross Transfers Protocol went to live In March, allows fast and composable USDC transfers.

Improved CCTP V2 uses fast transfer features and hooks to bring back USDC establishments on Ethereum and through layer 2 to a few seconds. This “faster than the finality” feature will now be available for MONAD on Mainnet users at launch.

Circle for Monad will also include Circle portfolios, a service that provides flexible integration of the portfolio to any decentralized application.

Monad launched its public test earlier this year, aimed at providing developers and user community with a safe and risk -free environment to test the DAPPs. The developers are able to deploy applications with which the community can interact before the launch of Mainnet.

The project offers compatibility with Ethereum.

The applications of the monad ecosystem include the native deffi dirol hub, the quarantwo decentralized AI network and the Griffy prediction market, which also offers a mini-app of Tinder telegram application. Others include April, a maximum extractable value infrastructure and a liquid implementation protocol; And manager, which offers yields based on crypto.