Circle’s shares increased by 10 %with the company’s integration of the USDC Stablecoin into the World Chain network of Sam Altman. This development took place after Worldcoin’s name in October, taking the name of World. This integration means that Circle’s stablecoin can now be produced directly and locally on World Chain.
USDC’s role on World Chain
The USDC’s direct integration into the World Chain ecosystem replaces its previously brought via bridge and released by about two million users. In this way, users can now translate Fiat currencies directly to USDC with the Circle Mint interface. In addition, thanks to Circle’s CCTP V2, CRIRCLE’s CCTP V2, it became possible to easily transfer USDC between different blockchain networks.
Circle said that this development is different from traditional stablecoin integrations. The lack of a typical blockchain of World Chain caused this integration to be more special for the ecosystem.
Circle included the following statements in his blog statement: “This is not an ordinary stablecoin integration because World Chain is not an ordinary blockchain.”
Recent developments and difficulties in World Chain
The World Chain network was released in 2023, but since the launch, it has been faced with various problems. One of the most important problems was the process that requires users to provide biometric data by iris screening for authentication. This application caused various objections by the regulators and negatively affected the adoption of the ecosystem.
The local Token WLD of the ecosystem had a limited use area during the launch. Stinging awards, management rights or integration into financial practices, the initial lack of features, tokena has reduced interest. Currently, WLD is traded below 90 %of its highest value.
Impact on the market and future expectations
Circle’s integration of USDC into the World Chain network can pave the way for the use of financial applications more effectively and rapidly by users. Providing ways to transform directly with inter -chains transfer opportunities is considered an important step in terms of user experience.
With the expansion of the ecosystem, World Chain continues to be a matter of curiosity how to overcome the regulatory problems and how users’ interest in the platform will be increased again. Similarly, changes in the functionality and market value of WLD, the local token, are closely monitored in the sector.
The increasingly integration of World Chain with more blockchain projects can positively affect the functionality and reputation of the platform in the market. Circle’s USDC support also offers new opportunities for the ecosystem. However, high volatility and regulatory prints stand out as the main obstacles to development. Users can use the ecosystem more efficiently, thanks to the possibility of safer, faster and direct transactions in chains such as World Chain. In addition, the fact that USDC is directly available in various blockchains can provide an advantage for both individual and corporate users.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
