Bridged USDC Standard on the OP Stack
This explainer provides a high-level overview of the Bridged USDC Standard and how chain operators can deploy it.Bridged USDC Standard
USDC is one of the most bridged assets across the crypto ecosystem, and USDC is often bridged to new chains prior to any action from Circle. This can create a challenge when bridged USDC achieves substantial market share, but native USDC (issued by Circle) is preferred by the ecosystem, leading to fragmentation between multiple versions of USDC. Circle introduced the Bridged USDC Standard to ensure that chain operators can easily deploy a form of bridged USDC that is capable of being upgraded in-place by Circle to native USDC, if and when appropriate, and prevent the fragmentation problem. Bridged USDC Standard for the OP Stack allows for an efficient and modular solution for expanding the Bridged USDC Standard across the Superchain ecosystem. Chain operators can use the Bridged USDC Standard for the OP Stack to get bridged USDC on their OP Stack chain while also providing the optionality for Circle to seamlessly upgrade bridged USDC to native USDC and retain existing supply, holders, and app integrations.Chain operators can deploy the Bridged USDC Standard for the OP Stack, providing immediate USDC availability for their users.
Importantly, the Bridged USDC Standard allows for a seamless, in-place upgrade to native USDC if an agreement is later reached between the chain operator and Circle.
Security
The referenced implementation for the OP Stack has undergone audits from Spearbit and is recommended for production use.Next steps
- Ready to get started? Read the setup guide for the Bridged USDC Standard for the OP Stack.
- If you experience any problems, please reach out to developer support.