Circle has announced the integration of native USD Coin (USDC) and the Cross-Chain Transfer Protocol (CCTP) V2 into World Chain, a blockchain claiming to be focused on human-centric financial ecosystems.
This update aims to enhance access to the world’s largest “regulated” digital dollar while enabling “high-speed” cross-chain transfers for developers and users worldwide.
With World Chain’s reach and Circle’s technology, this partnership is set to improve how digital dollars move across borders and blockchains.
World Chain, developed by the World Network, is described as a globally distributed network that has a user base of over 25 million people across 160 countries.
Currently, nearly two million World App wallet holders use bridged USDC for remittances, payments, and DeFi applications.
However, bridged USDC, while functional, lacks the full trust and efficiency of native issuance.
Circle’s upgrade to native USDC—directly issued and backed 1:1 by cash and cash-equivalent reserves—addresses these limitations, offering users a regulated, audited, and globally trusted stablecoin.
This shift ensures safer savings, faster payments, and a digital dollar that operates seamlessly across borders, particularly in emerging economies where stablecoins accounted for nearly 60% of crypto transaction volume in 2023, according to Chainalysis.
The introduction of CCTP V2 further elevates World Chain’s capabilities.
Unlike traditional lock-and-mint bridges, which lock assets on one chain and mint wrapped versions on another, CCTP V2 uses a burn-and-mint mechanism to transfer USDC natively across blockchains.
This eliminates liquidity fragmentation, reduces trust assumptions, and enhances capital efficiency by removing the need for large liquidity pools.
CCTP V2’s features include Fast Transfer, which slashes settlement times from minutes to seconds, and Hooks, which allow developers to automate post-transfer actions like asset swaps or smart contract triggers.
These advancements enable developers to build smoother, more composable applications, from Mini Apps in the World App to complex DeFi protocols, all while maintaining a user-friendly experience.
For World Chain’s 25 million users, this integration means faster, cheaper, and more reliable cross-chain transactions.
Whether sending remittances from Buenos Aires to Busan or participating in DeFi ecosystems, users will benefit from USDC’s deep liquidity and CCTP V2’s near-instant transfers.
Businesses gain access to Circle Mint’s institutional on/off-ramps, simplifying conversions between fiat and digital assets.
Additionally, Circle plans to support EURC, a euro-backed stablecoin, on World Chain, aligning with the EU’s MiCA regulations and catering to European users.
The stablecoin market, projected by Citigroup to reach $2 trillion by 2030, is increasingly vital to global finance.
Circle’s USDC, with a $58 billion circulating supply, is a key player, trailing only Tether’s USDT.
By integrating native USDC and CCTP V2 into World Chain, Circle is not only enhancing financial access but also setting a new standard for cross-chain interoperability.
Developers can leverage Circle’s open-source documentation to build on this infrastructure, while users can expect a more inclusive and efficient digital economy.