Cryptocurrencies

    Circle debuts USD Coin via Ethereum's zkSync

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    As DeFi projects increasingly turn to zkSync technology, Circle responds by extending support for USD Coin (USDC) to the Ethereum zero-knowledge layer-2 solution.

    This strategic move enables seamless integration of USDC into ecosystem applications and DeFi protocols for various operations like payments, trading, and lending.

    Circle's announcement underscores the opportunity for developers to create robust solutions with USDC on zkSync, now accessible across 16 blockchains, enhancing its utility in the digital asset landscape.

    zkSync utilises zero-knowledge proofs and rollups to boost transaction speed and lower costs on the Ethereum (CRYPTO:ETH) network, ensuring efficient processing on layer 2 before final verification on the Ethereum mainnet.

    The adoption of USDC on zkSync aims to bolster the growing ecosystem, which boasts over 180 decentralised applications and more than 5.7 million unique active wallets, signaling substantial growth and engagement in the DeFi sector.

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