USDC is a USD-pegged stablecoin on Cronos zkEVM, bridged from Ethereum for yield-bearing DeFi and low-cost transactions. More
| Fully Diluted Valuation | $2.46M |
|---|---|
| 24H Trading Volume | $3,329 |
| 24H Low / High | $0.99 / $ 1.01 |
| Circulating Supply | 2.46M |
| Total Supply | 2.46M |
| Max Supply | ∞ |
| Categories | Bridged USDC 3 more |
|---|---|
| Founder | Anonymous |
| Website | cronos-pos.org Whitepaper |
| Socials | 3 more |
| Chains | Cronos-zkevm Ecosystem |
| Explorer | Cronos |
| Contracts |
0xaa5....4076c
|
| Name | Pair | OG Score |
|---|
Cronos zkEVM Bridged USDC ($USDC) is a decentralized stablecoin on the Cronos zkEVM blockchain, a Layer-2 zero-knowledge rollup built on Ethereum, designed to enhance scalability while maintaining Ethereum’s security. Pegged 1:1 to the U.S. dollar, $USDC is bridged from Ethereum’s native USDC through the official Cronos zkEVM Bridge, enabling users to utilize a stable asset in a high-throughput, low-cost environment optimized for decentralized finance (DeFi).
The bridging process involves depositing USDC (or USDT/DAI, which swaps to DAI under the hood) on Ethereum to mint vUSD, a yield-bearing stablecoin on Cronos zkEVM that accrues value automatically, ideal for trading, lending, and liquidity provision on platforms like H2 Finance and Veno Finance. Users can reverse the process to redeem $USDC for Ethereum USDC, ensuring full collateralization backed by Circle’s reserves.
Cronos zkEVM’s integration with the ZK Stack, developed in partnership with Cronos Labs and Matter Labs, supports native account abstraction, simplifying user interactions with gasless transactions and wallet management. The token’s utility extends to earning points in the Cronos zkEVM Pioneer Program, rewarding DeFi engagement. Security is reinforced through audited bridge contracts and Ethereum’s Layer-1 settlement, though users should verify contract addresses to avoid risks.
$USDC on Cronos zkEVM aligns with the ecosystem’s focus on DeFi innovation, offering a stable, yield-generating asset for developers and users seeking efficient financial tools in Web3.
$USDC on Cronos zkEVM uniquely converts to vUSD, a yield-bearing stablecoin that earns passive returns, bridged trustlessly from Ethereum with low fees and native account abstraction for seamless DeFi on a scalable Layer-2.
The founders are anonymous, with $USDC issued by Circle and bridged by Cronos Labs, with key contributions from Crypto.com, VVS Finance, Fulcrom Finance, and Veno Finance teams.
Backers include Cronos Labs, Matter Labs (zkSync), Crypto.com, and ecosystem partners like VVS Finance, Fulcrom Finance, and Veno Finance, with no explicit institutional investors named.
Join
OGAudit
