Circle Brings USDC to Worldcoin Amid US Expansion

Circle, the company behind the stablecoin USDC, has launched its digital coin on the Worldcoin platform, a crypto project led by OpenAI CEO Sam Altman. This new partnership connects two big names in the crypto world and comes as both companies grow their presence in the United States. Circle and Worldcoin Expand in the U.S. Circle recently got listed on the New York Stock Exchange with the ticker CRCL. Shortly after its Initial Public Offering (IPO) debut, its stock price rose nearly 200%. Big companies like Ark Investment also bought large amounts of shares. The IPO’s success has already attracted the attention of big financial companies. ProShares and Bitwise have recently applied to launch new investment funds (ETFs) based on Circle’s CRCL stock. This development marks a big step for Circle as it tries to grow in the digital finance world. At the same time, Worldcoin has started working in the U.S. The firm has opened branches in six cities: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. Worldcoin’s core mission is to help identify real humans online in a world more influenced by artificial intelligence (AI). Worldcoin raised $135 million last May to support its U.S. expansion. The funding came from major backers like Andreessen Horowitz and Bain Capital Crypto. Worldcoin also plans to launch a Visa card. This card will let users spend their WLD tokens and other digital assets for everyday purchases. USDC Now Fully Supported in World App Before this partnership, around 2 million Worldcoin users already had a version of USDC in their World App wallets. Now, users will hold native USDC, which Circle directly issues. This makes sending and receiving money easier and more reliable. Over 27 million people use the World App in more than 160 countries, including the Philippines and Austria. Users can sign up for a World ID by scanning their iris to prove they are human. After that, they get Worldcoin’s token, which is called WLD. Circle Launches New Tool on Worldcoin’s Blockchain Circle also added a new version of its tool, Cross-Chain Transfer Protocol (CCTP V2), to Worldcoin’s blockchain. This tool lets people move USDC between blockchains quickly and with lower fees. This change helps developers and businesses use more decentralized finance tools (DeFi). Circle now manages over $60 billion in USDC. The company sees its public stock listing as a sign that the world is ready for a new kind of internet money. Circle and Worldcoin are building tools to shape the future of money and digital identity. The post Circle Brings USDC to Worldcoin Amid US Expansion appeared first on TheCoinrise.com .

Source: The Coin Rise