Circle Announces Circle Gateway: No More Bridging USDC Across Multiple Chains?
2025-07-01 22:11:35
Main Idea
Circle announces Circle Gateway, a tool enabling seamless cross-chain access for USDC, eliminating the need for manual bridging across multiple blockchains.
Key Points
1. Circle Gateway will allow USDC users to transfer funds across supported blockchains without manual bridging or third-party services.
2. USDC is currently available on 23 blockchains, with Circle Gateway set to launch as early as July.
3. The tool aims to simplify cross-chain transactions, potentially fostering broader adoption of USDC.
Description
Stablecoin issuer Circle (NYSE: CRCL) announced on Tuesday that its flagship stablecoin asset USDC which currently has a market capitalization of roughly $62 billion, will soon have crosschain access via a tool dubbed “Circle Gateway,” as early as July. USDC is currently supported on 23 blockchains. Users must typically “bridge” the stablecoin from one network
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