Native USDC on zkSync

Native USDC on zkSync: A New Era for Transactions

Circle's USDC stablecoin recently launched as a native asset on the zkSync Layer 2 scaling solution for Ethereum. This integration marks a significant development for both zkSync and the broader blockchain ecosystem. Here's a breakdown of what it means:

What is Native USDC on zkSync?

Previously, USDC existed on zkSync as a bridged asset, meaning it originated on the Ethereum blockchain and was transferred to zkSync through a bridge. Now, with the native integration, USDC becomes a core part of the zkSync ecosystem, with several advantages:

  • Faster and Cheaper Transactions: Native USDC transactions leverage zkSync's technology, enabling significantly faster and cheaper transactions compared to using USDC on the Ethereum mainnet.

  • Improved Liquidity: The transition from bridged USDC to native USDC is expected to gradually increase liquidity within the zkSync ecosystem. This can benefit users and developers building applications on zkSync.

  • Seamless Integration: Native USDC allows for easier integration with zkSync-based decentralized applications (dApps) compared to bridged USDC.

Benefits of Native USDC on zkSync:

  • Enhanced User Experience: Faster and cheaper transactions with USDC will improve the overall user experience within zkSync dApps.

  • Increased Scalability: By utilizing zkSync's technology, native USDC can handle a higher volume of transactions, contributing to the scalability of the zkSync ecosystem.

  • Wider Adoption: Easier integration and a potentially more efficient system can attract more developers and users to zkSync, expanding its reach.

Overall, the launch of native USDC on zkSync is a positive step forward. It promises faster, cheaper, and more user-friendly transactions with USDC within the zkSync ecosystem.

Here are some additional points to consider:

  • Security: While zkSync offers security benefits, it's still under development. It's crucial to stay updated on the project's security audits and best practices for secure transactions.

  • Regulation: As a regulated stablecoin, USDC brings a layer of trust and transparency to the zkSync ecosystem. However, it's important to understand any regulatory implications associated with using USDC on zkSync.


The European Union's Markets in Crypto-Assets Regulation (MiCA), which came into effect in June 2023, plays a significant role in regulating stablecoins within the European Economic Area (EEA). Here's a breakdown of key points:

MiCA and Stablecoins

  • Clarity and Consistency: MiCA establishes a clear and consistent regulatory framework for crypto-assets, including stablecoins, across all EU member states. This eliminates the need for individual regulations within each country.

  • Focus on Transparency and Governance: MiCA emphasizes transparency and robust governance for stablecoin issuers. Issuers must have proper authorization, capital reserves, and risk management procedures in place.

  • Types of Stablecoins: MiCA differentiates between different types of stablecoins based on their underlying assets:

    • Fiat-backed stablecoins: These are pegged to traditional currencies like the Euro or USD. MiCA requires issuers of fiat-backed stablecoins to hold adequate reserves of the equivalent fiat currency. Only credit institutions and electronic money institutions (EMIs) can issue fiat-backed stablecoins under MiCA.

    • Asset-referenced tokens: These are pegged to other assets like commodities or cryptocurrencies. MiCA's requirements for asset-referenced tokens might differ depending on the specific asset.

Thanks for reading and following guys! Cheers and let's load big bags in this bullrun 💰💰💰

#airdropking #MiCA #ZkSync #Stablecoins

$ZKS ? :) 🚀🚀🚀