Circle, the second largest stablecoin USDCHe announced a new intermediate layer called Gateway to solve the liquidity problem in the multi -blockchain environment. The intermediate layer in this month Avalanche $17.65, Base And Ethereum 
$2,453.35 Gateway, which will be activated in test networks, will combine the USDC balances that users hold in different blockchain in a single pool and pave the way for instant access. The company emphasized that such a move was made by drawing attention to the waste of time caused by the existing bridge protocols and the locking of capital. The new layer of Blockchain, independent of real -time transfer, leaves the full property of assets in the user.
Circle’s multiple blockchain liquidity solution: gateway
To Circle’s announcement according to Gateway collects the USDCs held in various networks in a smart contract in Blockchain, creating a singular balance. Thus, no matter which blockchain network, the user can reach the same fund pool in real time. The system aims to reduce the risk of storing and operational delays caused by bridges.
Those who deposit USDC to Gateway can instantly attract their funds from Blockchain, because their balances are simultaneously updated in all supported networks. Circle, this approach will reduce the need for service providers’ need to have excessive reserves, thus increasing capital efficiency.
The rise in Circle shares
The Gateway launch came after Circle was quoted to the stock market in the US last month. The market value of the company increased more than $ 46 billion in a short time and rose by more than 500 percent per share, which has a public offering price. Increased corporate interest stablecoin Trust -based growth for support.
Moreover, Circle has applied for a national bank license in the USA. In case of approval, the company can store USDC reserves within its own and on behalf of corporate customers. crypto currency will be able to provide surveillance service. Thus, Circle aims to deepen its integration with traditional financial system.
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.
