Hassan Maishera
The IoTeX team announced via a blog post on Wednesday that the Bridged USDC Standard specification from Circle is now live on IoTeX. The current ioUSDC will be migrated to USDC.e.
ridged USDC Standard provides a secure and standardized method for any EVM blockchain and rollup team to transfer ownership of a bridged USDC token contract to Circle.
The team revealed that the USDC.e stablecoin will be a core pillar of IoTeX’s DeFi and DePIN ecosystems, centering builders and users around a single stablecoin to avoid liquidity fragmentation. USDC.e will enable DePIN projects to incorporate seamless payments and transfers into their applications and settle transactions for real-world assets to the blockchain.
IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IoT) network, including data collection, transport, storage, and utilization. IOTX is down 1% today and is currently trading at $0.03219.
