Global digital identity project, World formerly known as Worldcoin has announced integration with Circle and CCTP V2, a cross-chain liquidity protocol. The firm confirmed the development on Friday through a post on its official page on X.
In the announcement, the Sam Altman-backed blockchain project said the development will see Circle’s USDC stablecoin and CCTP V2 integrate with World Chain. Recall that CCTP V2 made its debut in April 2023 as an advanced version of Circle’s Cross-Chain Transfer Protocol, built to support swift USDC transfers on various networks.
With the integration, more than 25 million users on the World Chain will enjoy seamless and fast transactions using the USDC. To actualize this goal, World said it will leverage the support of CCTP V2, allowing users to send and receive USDC across all supported chains faster and cheaper.
The company narrated that the move will open access to the stablecoin, allowing individuals across various economies to benefit from a fully reserved digital dollar. Furthermore, the company also stated that the innovation is open to institutional users and developers alike. World said the integration will permit developers to build the stablecoin into World App Mini Apps.
While explaining the motive behind the collaboration, World said users have been exploring bridged USDC in Mini Apps, allowing them to send funds without paying huge fees. As a result of the integration, World said Circle will convert all existing bridged USDC held on the World Chain to the native USDC.
Meanwhile, World disclosed that in the near future, it will support the Euro version of the Circle’s stablecoin—EURC.
Side note on World Chain
However, the integration emanated shortly after World launched in six states in the United States of America. As revealed the six cities include Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco.
By that, the Sam Altman-backed project announced that residents of the selected cities can verify their identity and scan their irises at available Orbs. Likewise, users across the cities can claim their WLD token after downloading the World App and completing the setup.
Since the launching of the World Chain in April 2024, World has introduced various solutions to enhance the presence of the network in the DeFi space. According to a Binbits report, the blockchain is designed to power applications that will serve day-to-day utility for humans.
As per data provided by CoinmarketCap, WLD, the native token of the World Chain, is down by 5.35% in the last 24 hours. Still, the coin has recorded a significant rally in the last 30 days by soaring by 31.52%.
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