World Network Integrates Native USDC and CCTP V2 for Faster Transfers

World Network has announced a significant upgrade to its blockchain, World Chain, with the integration of native USDC and Circle’s Cross-Chain Transfer Protocol (CCTP) V2. This development replaces the previously used bridged USDC with native tokens issued directly by Circle, providing a faster and more reliable way to move money for its 27 million users.

Native USDC, which is directly minted and redeemed by Circle and backed 1:1 by U.S. dollar reserves, enhances transparency, trust, and liquidity. This upgrade ensures that USDC on World Chain is a regulated digital dollar, trusted globally by users and developers. The transition to native USDC has already been completed, with all previously bridged USDC on World Chain automatically upgraded to native.

The introduction of CCTP V2 facilitates cross-chain transfers, enabling developers and users to transfer USDC between blockchains more rapidly and cheaply. This protocol supports better composability, allowing applications to interact seamlessly across decentralized finance platforms. The integration of CCTP V2 enhances the efficiency and cost-effectiveness of transferring USDC across supported blockchains, benefiting developers, businesses, and consumers alike.

This upgrade opens up new possibilities for World Network, which positions itself as a global digital identity and finance platform. The integration allows for Circle Mint access for qualified companies, improved developer tools for creating USDC Mini Apps, and quicker peer-to-peer transfers. These features enhance the functionality of USDC for remittances and payments through Mini Apps in the World App, while also opening the door for developers to build more financial tools directly into the platform.

World Network has seen significant growth and milestones recently, including a $135 million raise from investors like a16z and Bain Capital Crypto in a public Worldcoin (WLD) token sale. Other recent developments include the launch of the Orb Mini device in the U.S., a partnership with Visa, and entry into new markets. Despite facing regulatory challenges in some countries, World continues to grow, with plans to add support for Circle’s euro-pegged EURC in the near future.

This integration aligns with Circle’s broader vision of accelerating the adoption of digital currencies and enhancing financial infrastructure. The implementation of native USDC and CCTP V2 on World Chain provides a regulated digital dollar for seamless transfers to and from the blockchain, benefiting World Chain’s extensive user base and developers. This development comes at a pivotal time for Circle, reflecting investor confidence in the tech-driven transformation of money movement.