Hassan Maishera
The Fantom Foundation announced via X on Tuesday that the USDC.e stablecoin has launched on its stablecoin. USDC.e on Wormhole is bridged from native $USDC, located in a smart contract on Ethereum, and holds the potential to be upgraded to native USDC in the future.
Thanks to this latest development, users can now bridge USDC from Ethereum to get USDC.e on Fantom.
By leveraging the Wormhole Native Token Transfers (NTT) standard, USDC.e will be available to all users and developers on Fantom. The Fantom Foundation previously stated that developers can build on bridged USDC with a contract address that will persist even if there is an upgrade to native USDC. Meanwhile, users can store, pay, trade, borrow, and lend with bridged USDC that would automatically become native USDC should there be an upgrade.
Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Fantom’s FTM coin is up by 6% in the last 24 hours and is currently trading at $1.0280.
