On Wednesday, June 11, the company announced that Circle’s USDC and the upgraded Cross-Chain Transfer Protocol (CCTP V2) had officially launched on World Chain. Responding to those who might think USDC was already available on World Chain, the announcement clarified, “Almost two million users on World were already holding bridged USDC in their World App wallets. The key upgrade is that USDC is now native, issued directly by Circle.

World Chain is uniquely global with over 27 million users across more than 160 countries. ” Circle has since converted all bridged USDC on World Chain into native USDC, fully backed by “highly liquid cash and cash-equivalent assets, ” the company stated. “This seamless upgrade delivers a regulated digital dollar trusted worldwide by both users and developers, ” World added. With the implementation of CCTP V2, moving USDC between supported blockchains becomes faster and more cost-efficient, enabling developers, businesses, and consumers to “quickly and easily transfer funds and fully leverage DeFi composability. ” The release highlights that the platform’s 27 million-plus users can now utilize a regulated digital dollar for blockchain transactions, while developers have the opportunity to integrate USDC directly into World App Mini Apps and access a globally distributed blockchain network. This announcement arrives during a significant period for Circle, which just debuted on the New York Stock Exchange last week. Following the IPO, Circle’s stock price surged from its initial $31 per share—already above the expected range—to closing at $83. 23. Circle Co-founder and CEO Jeremy Allaire reflected on this milestone in a post on X, stating, “Our transformation into a public company is a significant and powerful milestone — the world is ready to start upgrading and moving to the internet financial system. ” Circle’s IPO was also seen as a sign that investors are actively supporting the rapid technology-driven revolution in money movement, according to a PYMNTS report published the day after the listing.