Bridged USD Coin (StarkGate) $USDC is a bridge enabling efficient $USDC transfers between Ethereum and StarkNet layers. More
| Fully Diluted Valuation | $63.90M |
|---|---|
| 24H Trading Volume | $607,363 |
| 24H Low / High | $1.00 / $ 1.00 |
| Circulating Supply | 63.92 M |
| Total Supply | 63.92 M |
| Max Supply | ∞ |
| Categories | Bridged USDC 2 more |
|---|---|
| Founder | Anonymous |
| Website | starkgate.starknet.io Whitepaper |
| Socials | |
| Chains | Starknet Ecosystem |
| Explorer | Starkscan 2 more |
| Contracts |
0x53c....368a8
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| Name | Pair | OG Score |
|---|
Bridged USD Coin (StarkGate) $USDC is a significant part of the StarkGate ecosystem, serving as a bridge for transferring assets between different blockchain layers, specifically from Layer 1 (L1) to Layer 2 (L2) and vice versa. Utilizing StarkNet's technology, this implementation ensures scalability, high throughput, and reduced transaction costs while maintaining a secure and decentralized structure.
StarkGate's bridging mechanism plays a vital role in the broader blockchain ecosystem by enhancing accessibility and optimizing asset movement, making it an essential tool for developers, users, and projects leveraging StarkNet's capabilities.
Key Features
Secure and Scalable Bridging
Bridged USD Coin (StarkGate) $USDC offers a seamless and secure way to transfer $USDC between Ethereum's Layer 1 and StarkNet's Layer 2. This ensures enhanced scalability and reduced gas costs for users.
Streamlined User Experience
The bridging process is user-friendly and efficient, with an intuitive interface that caters to both new and experienced blockchain participants.
Smart Deposit Mechanism
StarkGate introduces a 'Smart Deposit' feature, enabling automated actions during the bridging process. This functionality enhances the flexibility and convenience of asset transfers.
Decentralized Operations
The bridging mechanism operates in a decentralized manner, ensuring trustlessness and alignment with blockchain's core principles.
Transaction Flexibility
Bridging via StarkGate supports various actions, including depositing, withdrawing, and canceling deposits, giving users full control over their assets.
Use Cases
DeFi Integration: Bridged USD Coin (StarkGate) $USDC enables smooth integration into decentralized finance applications running on StarkNet, including lending, staking, and liquidity provisioning.
Cost-Efficient Transactions: Developers and users can leverage $USDC to minimize transaction costs while maintaining high-speed settlements.
Cross-Layer Interoperability: Facilitates seamless movement of $USDC between Ethereum and StarkNet, supporting multi-chain operational strategies for dApps and businesses.
Founders, Backers, and Partners
Bridged USD Coin (StarkGate) $USDC is closely tied to the StarkNet ecosystem, which is supported by the team at StarkWare. StarkWare is a renowned entity in the blockchain space, pioneering zk-STARK technology to enable scalable and secure blockchain solutions.
StarkNet benefits from the backing of leading investors and venture capital firms, ensuring a robust developmental and financial foundation. Its partners include prominent blockchain projects, dApps, and ecosystem contributors who leverage StarkNet's infrastructure to enhance their offerings.
Conclusion
Bridged USD Coin (StarkGate) $USDC represents a vital innovation in the blockchain ecosystem by enabling efficient, secure, and cost-effective asset bridging. With its integration into the StarkNet infrastructure, $USDC exemplifies the potential of Layer 2 solutions to transform the usability and scalability of decentralized systems.
Bridged USD Coin (StarkGate) $USDC enables secure, scalable, and cost-efficient bridging between Ethereum and StarkNet.
The founders are anonymous.
StarkNet is supported by StarkWare and backed by leading investors and blockchain ecosystem contributors.
10KSwap, JediSwap
