Celer Bridged USDC (Flow EVM) USDC.E Price

What is Celer Bridged USDC (Flow EVM) (USDC.E)?

Celer Bridged USDC (Flow EVM) ($USDC.E) is a decentralized stablecoin on Flow EVM, an Ethereum Virtual Machine (EVM)-compatible environment within the Flow blockchain, designed for scalable, high-performance decentralized applications (dApps). Pegged 1:1 to the U.S. dollar, $USDC.E is bridged from Ethereum’s native USDC using Celer’s cBridge, a cross-chain interoperability protocol that ensures secure, low-cost, and rapid asset transfers. 

This bridged stablecoin enables users to leverage USDC’s stability in Flow’s ecosystem, which supports DeFi, gaming, and NFT applications with significantly lower transaction fees compared to Ethereum’s mainnet. $USDC.E is utilized in decentralized finance (DeFi) protocols like Trado and PunchSwap, where it facilitates trading, liquidity provision, and lending, particularly in pairs like USDC.E/WFLOW. 

The bridging process locks USDC on Ethereum to mint $USDC.E on Flow EVM, with the reverse redeeming the original asset, maintaining full collateralization backed by Circle’s reserves. Celer’s cBridge, integrated with Flow since 2022, supports wallets like MetaMask and Coinbase Wallet, simplifying cross-chain transfers. The token’s contract address ensures compatibility with Flow EVM’s infrastructure. 

Security is enhanced through audited smart contracts and Celer’s decentralized relayer network, though users should verify addresses to avoid scams. $USDC.E empowers seamless financial interactions, from payments to yield farming, aligning with Flow’s mission to onboard mainstream users to Web3 via developer-friendly tools and efficient scaling.

What is unique about Celer Bridged USDC (Flow EVM) (USDC.E)?

$USDC.E uniquely brings USD stability to Flow EVM via Celer’s cBridge, enabling low-cost, high-speed DeFi and NFT transactions in an EVM-compatible Flow ecosystem, distinct from Ethereum’s high fees, with seamless cross-chain bridging.

Who are the founders of Celer Bridged USDC (Flow EVM) (USDC.E)?

The founders are anonymous, with $USDC.E issued by Circle and bridged by Celer Network, led by Mo Dong, Xiaozhou Li, Junda Liu, and Qingkai Liang, integrated into Flow EVM by the Flow team under Dapper Labs.

Who are the backers/investors of Celer Bridged USDC (Flow EVM) (USDC.E)?

Backers are not explicitly disclosed, but Circle is supported by Goldman Sachs and Fidelity, Celer by venture firms like DHVC, and Flow by Andreessen Horowitz and Digital Currency Group, suggesting ecosystem-driven support.