USDC is a USD-pegged stablecoin on Taiko, bridged from Ethereum via Circle for low-cost DeFi transactions. More
| Fully Diluted Valuation | $990,348 |
|---|---|
| 24H Trading Volume | $16,179 |
| 24H Low / High | $0.99 / $ 1.05 |
| Circulating Supply | 968.09K |
| Total Supply | 968.09K |
| Max Supply | ∞ |
| Categories | Bridged USDC 2 more |
|---|---|
| Founder | Anonymous |
| Website | taiko.xyz Whitepaper |
| Socials | 4 more |
| Chains | Taiko Ecosystem |
| Explorer | Taikoscan |
| Contracts |
0x07d....b6f0b
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| Name | Pair | OG Score |
|---|
Taiko Bridged USDC ($USDC) is a decentralized stablecoin on the Taiko blockchain, a fully open-source, permissionless Ethereum Layer-2 zero-knowledge rollup (ZK-Rollup) designed to scale Ethereum’s transactions while maintaining its security and decentralization. Pegged 1:1 to the U.S. dollar, $USDC is bridged from Ethereum’s native USDC through Circle’s Bridged Standard, enabling users to leverage the stability of USDC within Taiko’s high-throughput, low-cost ecosystem.
Announced as available on Taiko’s mainnet in May 2024, this integration allows seamless interaction with decentralized finance (DeFi) protocols, such as swapping, lending, borrowing, and providing liquidity on platforms like iZiSwap, Oku Trade, and Ritsu. The bridging process involves locking USDC on Ethereum to mint $USDC on Taiko, with the reverse unlocking the original asset, ensuring full collateralization backed by Circle’s reserves.
Taiko’s infrastructure, which inherits Ethereum’s liveness and security through block sequencing by Ethereum builders, supports $USDC’s role as a reliable medium for payments, remittances, and dApp interactions. The token’s contract address facilitates easy integration with wallets like MetaMask. Security is enhanced by audited bridge protocols and Taiko’s community-run nodes, though users should verify contract details to avoid scams.
With no centralized actors operating the network, $USDC aligns with Taiko’s ethos of decentralization, offering a scalable solution for DeFi enthusiasts and developers seeking cost-efficient alternatives to Ethereum’s high gas fees, while preserving compatibility with its broader ecosystem.
$USDC uniquely combines USDC’s USD stability with Taiko’s Layer-2 scalability, enabling low-cost, high-speed DeFi transactions and payments, bridged trustlessly via Circle’s Standard for Ethereum compatibility.
The founders of Taiko Bridged USDC are anonymous, with $USDC issued by Circle and bridged by the Taiko team, led by figures like Daniel Wang (CEO), with no specific individuals named for the bridging process.
The backers are not explicitly disclosed, but Circle is supported by firms like Goldman Sachs, and Taiko’s ecosystem has venture support from Sequoia China and others, suggesting collaborative backing.
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