Hassan Maishera
The Polygon team announced via X (formerly Twitter) on Tuesday that the USDC stablecoin is now live on Polygon PoS. USDC’s issuer, Circle, stated that the Circle Mint and Circle APIs now fully support Polygon PoS USDC, making it easy to access USDC liquidity and benefit from Polygon PoS’ fast and efficient network.
In the case of Polygon PoS, there also exists a “bridged” form of USDC known as USDC.e, which is USDC that has been bridged from Ethereum. Bridged USDC (USDC.e) is not issued by Circle. Polygon PoS is a scalable proof-of-stake (PoS) blockchain that complements Ethereum’s decentralized security with faster settlement times and greater cost efficiency.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is down by 2% in the last 24 hours and is currently trading at $0.5130.
