Circle has introduced a new “bridged USDC standard” simplifying the launch process of its stablecoin on new networks through a two-phase deployment, initially controlled by third-party developers and then transitioning to Circle’s direct backing, potentially avoiding migration. This unofficially issued token serves as a placeholder until an upgrade to an official version is decided, aiming to eliminate migrations and ensure a seamless transition.
Circle launches ‘bridged USDC standard’ for deploying to new networks
