Circle Launces USDC on Monad as Curve, Coinbase Join 13 Launch Apps

TLDR:

• Circle deployed USDC natively on Monad as the 29th blockchain supporting the regulated stablecoin
• CCTP enables cross-chain transfers between Monad and 17 other networks without liquidity locks
• Thirteen DeFi applications launched day-one including Curve Finance, Coinbase, and Wormhole
• Circle bundled Wallets and Contracts developer tools alongside stablecoin infrastructure

Circle has deployed USDC and its Cross-Chain Transfer Protocol on Monad, marking the 29th blockchain to support the regulated stablecoin natively. The payments company announced the integration alongside Circle Wallets and Circle Contracts through a blog post. 

Monad developers now have access to institutional-grade infrastructure for building DeFi applications. Thirteen applications went live at launch, including Curve Finance, Coinbase, and Wormhole.

USDC Goes Native on Monad’s EVM-Compatible Chain

The stablecoin issuer released USDC at mainnet address 0x754704Bc059F8C67012fEd69BC8A327a5aafb603 for production use. 

Testnet deployment sits at address 0x534b2f3A21130d7a60830c2Df862319e593943A3 for developer experimentation. Circle made testnet funds available through its faucet service for developers testing payment flows.

Monad operates as a Layer-1 blockchain built for high throughput while maintaining full Ethereum Virtual Machine compatibility. 

The network combines low transaction fees with Ethereum-level security standards. Developers can port existing Solidity smart contracts without modification.

CCTP now connects Monad to 17 other blockchain networks without requiring liquidity locks. 

The protocol burns USDC on the source chain and mints an equivalent amount on the destination chain. This approach eliminates the capital inefficiency of traditional bridge models that lock funds in smart contracts.

Circle positioned the integration as more than just stablecoin deployment. The company bundled four developer products in the launch package. Each service targets specific use cases across decentralized finance and enterprise applications.

Developer Tools Enable Cross-Chain Apps and Enterprise Integration

Circle Wallets provides programmable wallet infrastructure with customizable key management and compliance tooling. 

The service includes Gas Station functionality to sponsor network fees for end users. Businesses can create in-app wallets without handling complex cryptographic operations directly.

Circle Contracts offers templated smart contract deployment through a curated library of audited code. 

The tooling accelerates tokenization projects and loyalty program implementations. Developers access end-to-end infrastructure for managing contract lifecycles.

Day-one applications span multiple categories including bridges, decentralized exchanges, and lending protocols. 

Accountable, Across Protocol, and Bungee Exchange launched bridge functionality at mainnet activation. Kuru Exchange, Crystal, and Monday Trade deployed trading interfaces using USDC as a settlement asset.

Market makers can now deploy capital across Monad venues using native USDC. 

The stablecoin serves as collateral in lending markets and as a base pair in liquidity pools. Fintech platforms gain access to real-time settlement infrastructure through Circle Mint for eligible institutional users.

CCTP brings the total number of chains supporting native USDC movement to 18 networks. The protocol maintains 1-to-1 redemption against US dollar reserves held by Circle. Cross-chain transfers complete without third-party custody or wrapped token intermediaries.

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