Polygon (MATIC) CDK Integrates Bridged USDC Standard for Enhanced Stability

Polygon
(MATIC)
CDK
has
become
the
first
chain
development
kit
to
integrate
the
Bridged
USDC
Standard,
developed
by
Circle,
the
issuers
of
USDC,
according
to

polygon.technology.
This
integration
aims
to
streamline
the
deployment
and
future
upgradeability
of
bridged
USDC
on
EVM
chains,
enhancing
both
developer
and
user
experiences.

Improved
Developer
and
User
Experience

The
Bridged
USDC
Standard
allows
developers
to
build
on
a
single
contract
address
that
remains
consistent
even
after
upgrading
to
native
USDC.
This
eliminates
the
need
for
any
code
changes,
offering
a
smoother
transition
to
native
USDC.
Users
also
benefit
by
not
needing
to
swap
to
a
new
native
USDC,
as
the
upgrade
will
be
seamless
and
require
no
action.

Security
and
Audits

The
bridge
and
token
contracts,
along
with
the
entire
implementation,
have
been
reviewed
by
core
developers
at
Polygon
Labs.
The
Bridged
USDC
Standard
is
open-source
and
audited,
based
on
the
same
audited
ERC-20
contract
code
for
USDC,
which
has
secured
billions
of
dollars
in
liquidity.

Unified
Liquidity
and
Extensibility

Integrating
Bridged
USDC
Standard
with
Polygon
CDK
will
benefit
the
entire
Polygon
ecosystem.
It
helps
in
unifying
liquidity
by
allowing
developers
to
build
around
a
single
form
of
bridged
USDC,
reducing
the
liquidity
fragmentation
common
with
multiple
bridges
and
standards.
Additionally,
any
chain
built
with
Polygon
CDK
can
incorporate
the
standard
to
deploy
bridged
USDC
or
EURC
token
contracts,
making
it
highly
extensible.

Future
Collaboration
and
Expansion

Circle
and
Polygon
Labs
are
continuing
their
collaboration
to
explore
further
compatibility
with
native
USDC.
The
AggLayer,
secured
by
pessimistic
proof,
aims
to
enable
native
asset
transfers
across
chains,
marking
another
step
towards
a
unified
blockchain
ecosystem.

Adoption
and
Next
Steps

Already,
several
chains
like
Polygon
zkEVM,
X
Layer,
and
Astar
Network
have
integrated
the
Bridged
USDC
Standard.
For
developers
looking
to
build
with
Polygon
CDK,
resources
are
available
on
their

GitHub
repository.

This
integration
marks
a
significant
milestone
in
the
blockchain
industry,
offering
a
standardized,
secure,
and
upgradeable
solution
for
stablecoin
transactions
across
multiple
chains.

Image
source:
Shutterstock