Crypto News: Circle Launches USDC and CCTP on Monad With Day-One DeFi Apps

Circle deploys USDC, CCTP, Wallets, and Contracts on Monad, supporting DeFi apps and secure crosschain payments from day one.

Circle has launched its USDC stablecoin, CCTP, Wallets, and Contracts on Monad, a high-performance Layer-1 blockchain. The integration allows developers to access secure, capital-efficient DeFi, trading, and payment infrastructure from day one. 

Monad supports Ethereum-compatible applications while delivering low fees and high throughput. A range of DeFi and trading platforms, including Coinbase and Curve Finance, are active immediately on the network.

USDC and CCTP Bring Capital-Efficient DeFi to Monad

USDC is now available on Monad as a fully regulated, fully reserved stablecoin redeemable 1:1 for U.S. dollars. 

Developers can integrate USDC into apps for real-time liquidity and seamless on/off-ramping. Testnet USDC is also accessible via the Circle Faucet to experiment with fund flows in new applications. The mainnet token address is 0x754704Bc059F8C67012fEd69BC8A327a5aafb603.

CCTP enables secure, crosschain USDC transactions across 18 supported blockchains without locking liquidity. 

The protocol allows developers to connect Monad apps with external networks efficiently. This interoperability supports a broad range of DeFi, trading, and payments use cases. With CCTP, funds can move securely while maintaining capital efficiency across chains.

Circle Wallets offer in-app infrastructure for onboarding global users. 

Key management and integrated compliance tools simplify secure wallet creation. Gas Station functionality allows sponsors to cover network fees for end users. These wallets aim to reduce friction in DeFi and fintech application deployment.

Contracts simplify smart contract deployment and management on Monad. 

Developers can use security-audited templates for tokenization, loyalty programs, and other onchain solutions. The infrastructure provides end-to-end tooling for enterprise-ready applications. Businesses can accelerate development without building base components from scratch.

Related Reading: Algorand Integrates with Coinify for USDC Payments

Day-One Applications Highlight Monad Ecosystem

Several major platforms launched on Monad immediately, demonstrating ecosystem readiness. Coinbase, Curve Finance, and Bungee Exchange are already operational. 

Other projects include Accountable, Across, Crystal Exchange, Kuru Exchange, Levr Bet, Mayan Finance, Monday Trade, and Wormhole. These integrations show Monad’s ability to support both DeFi and trading from the start.

Day-one apps leverage USDC as collateral for lending and as a settlement asset for swaps. Payments and fintech platforms can embed USDC for instant settlements. 

Crosschain applications use CCTP for faster onboarding and secure transfers. Market makers benefit from efficient liquidity provision across connected networks.

Monad’s combination of Ethereum-level security, high throughput, and low fees allows developers to build scalable, capital-efficient applications. The platform emphasizes interoperability with Circle’s tools. 

Enterprises can deploy financial, trading, and DeFi applications with minimal operational overhead. Circle’s launch lays a foundation for further app development on Monad.

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