Stargate Bridged USDC (Vana) USDC.E Price

What is Stargate Bridged USDC (Vana) (USDC.E)?

Stargate Bridged USDC (Vana) ($USDC.E) is a bridged version of Circle’s USDC stablecoin, integrated into the Vana blockchain through Stargate Finance’s cross-chain bridging protocol, powered by LayerZero’s interoperability technology. Unlike native USDC issued directly by Circle on chains like Ethereum, $USDC.E is transferred from other supported networks to Vana, enabling its use in Vana’s decentralized finance (DeFi) ecosystem. Vana, a Layer-1 blockchain focused on user-owned data and decentralized AI, leverages $USDC.E to facilitate seamless transactions, liquidity provision, and participation in protocols like DataDex, a decentralized exchange tailored for data-driven applications

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The Stargate bridge uses unified liquidity pools to ensure efficient, low-slippage transfers across chains, including Ethereum, Arbitrum, and others in the LayerZero ecosystem. On Vana, $USDC.E supports DeFi activities by providing a stable asset for trading pairs and smart contract interactions, aligning with Vana’s mission to empower users to control and monetize their data. The bridging process is designed for security, with audited contracts and LayerZero’s trustless architecture minimizing counterparty risk. Community adoption is growing, with Vana’s public launch expanding access to bridging for all users.

$USDC.E is convertible to native USDC once Circle completes its integration with Vana, promising even greater flexibility. The project benefits from Vana’s scalable infrastructure and partnerships within the LayerZero ecosystem, fostering interoperability. While reliant on third-party bridges, $USDC.E enhances Vana’s DeFi landscape, offering a trusted stablecoin for developers and users building data-centric applications in a decentralized environment.

What is unique about Stargate Bridged USDC (Vana) (USDC.E)?

$USDC.E is unique for bringing Circle’s USDC to Vana, a Layer-1 blockchain focused on decentralized AI and user-owned data, via Stargate’s LayerZero-powered bridge. It enables cross-chain DeFi with low-slippage transfers, supporting Vana’s data-driven protocols like DataDex, distinct from native USDC by its tailored integration.

Who are the founders of Stargate Bridged USDC (Vana) (USDC.E)?

$USDC.E is a product of Stargate Finance bridging Circle’s USDC to Vana. Stargate, built on LayerZero, was co-founded by Bryan Pellegrino (CEO) and Caleb Banister. Vana’s founders are not explicitly tied to $USDC.E, but Art Abal leads Vana’s development. Circle’s USDC was co-founded by Jeremy Allaire and Sean Neville.

Who are the backers/investors of Stargate Bridged USDC (Vana) (USDC.E)?

Specific backers for $USDC.E are not isolated. Stargate, enabling the bridge, is supported by LayerZero Labs, backed by Sequoia Capital, Andreessen Horowitz, and Pantera Capital. Vana’s ecosystem, including $USDC.E, benefits from community support and LayerZero partnerships, with no direct funding details for the bridged token confirmed.