deBridge Bridged USDC (Zilliqa EVM)Price

(USDC)

deBridge Bridged USDC (Zilliqa EVM)(usdc) refers to a stablecoin available on the Zilliqa EVM network, facilitated by the deBridge protocol. deBridge is a Web3 interoperability and liquidity transfer protocol. Its purpose is to enable decentralized transfers of tokens, arbitrary assets, and messages between various blockchains. The cross-chain intercommunication within deBridge is supported by a network of independent oracles and validators. deBridge aims to provide swift and secure transactions with minimal fees and supports multiple blockchains such as Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Avalanche, Solana, and Fantom. The project was founded by Alex Smirnov and launched in 2021. deBridge offers products like deBridge Messaging and DLN (deBridge Liquidity Network) which act as a cross-chain token bridge and trading infrastructure. Zilliqa EVM is an execution layer on the Zilliqa mainnet that is compatible with the Ethereum Virtual Machine. This compatibility allows developers to deploy Solidity smart contracts and utilize familiar Ethereum development tools like MetaMask within the Zilliqa ecosystem. Zilliqa EVM is designed to offer high-throughput and low transaction fees, with transaction gas paid using the native ZIL token. Zilliqa has made EVM a native part of its blockchain, allowing for seamless integration with Ethereum-based applications. The Zilliqa network features two distinct environments: the original Scilla network, which uses "zil1" addresses, and the newer EVM network, which uses "0x" addresses, similar to Ethereum. Bridged USDC, in general, refers to stablecoins that operate on blockchain networks not directly supported by Circle, the official issuer of native USDC. These tokens are created when native USDC on one blockchain, for example, Ethereum, is locked in a smart contract by a third-party bridging protocol, and an equivalent amount of Bridged USDC is minted on a different destination chain. This mechanism allows for USDC functionality across various blockchain networks, promoting cross-chain interoperability and preventing liquidity fragmentation. Circle has introduced the Bridged USDC Standard to help EVM blockchain teams implement bridged USDC, with a potential future option for these bridged tokens to be seamlessly upgraded to native USDC. Bridged USDC enables immediate participation in new blockchain ecosystems like Zilliqa EVM without needing a direct, native USDC issuance from Circle. Therefore, deBridge Bridged USDC (Zilliqa EVM) is a version of the USDC stablecoin that has been transferred to the Zilliqa EVM network via the deBridge protocol, allowing users to hold and transact with a dollar-pegged stablecoin within the Zilliqa EVM ecosystem. This token can be traded on decentralized exchanges. Learn more

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