Curated News
By: NewsRamp Editorial Staff
December 09, 2024

Lisk Deploys Circle’s Bridged USDC Standard, Enhancing Web3 Development in High-Growth Markets

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Source News Release

TLDR

  • Developers on Lisk gain an advantage by enabling immediate USDC availability, minimizing liquidity fragmentation and providing a smooth transition to native USDC.
  • Bridged USDC Standard addresses liquidity fragmentation by providing a unified form of USDC for EVM blockchain and rollup teams, minimizing fragmentation and enabling immediate USDC availability.
  • Lisk's collaboration with Circle to deploy Bridged USDC Standard empowers builders to create seamless and secure products, benefiting emerging markets and economies.
  • Lisk's deployment and launch of Bridged USDC Standard allows for immediate USDC availability and addresses liquidity fragmentation in emerging markets, enhancing Web3 development.

Impact - Why it Matters

This news matters as it signifies a significant step towards minimizing liquidity fragmentation and empowering developers in emerging markets. The integration of Bridged USDC Standard provides a seamless and secure experience for developers, and with stablecoins accounting for a large portion of transactions in Sub-Saharan Africa, this collaboration opens up a substantial target market for Lisk.

Summary

Lisk, a leading Layer 2 blockchain, has deployed and launched the Circle’s Bridged USDC Standard, aiming to minimize liquidity fragmentation and empower EVM blockchain and rollup teams. This collaboration allows developers to provide immediate USDC availability for users and easily implement bridged contracts for future upgrades. The announcement is particularly significant as stablecoins account for approximately 43% of the total transaction volume in the Sub-Saharan African region, making it a substantial target market for Lisk.

Developers building on Lisk will now have seamless access to bridged USDC, facilitating a superior developer and user experience. The Bridged USDC Standard is open-source, audited, and based on the secure ERC-20 contract code that has secured billions of dollars in liquidity. This integration not only standardizes the process for developers but also provides consistency if bridged USDC is upgraded to native USDC.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Lisk Deploys Circle’s Bridged USDC Standard, Enhancing Web3 Development in High-Growth Markets

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