These launches will be the first of many during Circle’s “StableSeptember” event.

Major stablecoin firm Circle said it will launch its USDC stablecoin natively on two blockchains in the first week of September.

The company said on August 30 that it will launch USDC on Optimism’s OP mainnet. This new native version of USDC will allegedly gradually replace the current version of the stablecoin on the OP mainnet, which is bridged from the Ethereum blockchain.

The symbol of the Optimism bridge version of USDC will be changed to USDC.e, while the new native version will be labeled USDC.

Previously, Circle announced the launch of a native version of USDC on Coinbase's Layer 2 Base network on August 29. Like other launches, the new version of USDC on Base will gradually replace the existing version bridged from Ethereum. The bridge version will be renamed USDbC, while the new native version will be labeled USDC.

Circle says these native versions of USDC will allow institutional ingress and egress and help ensure USDC is always fully backed and redeemable.

While Circle did not provide a release date for Optimism or Base, CEO Jeremy Allaire said in separate tweets that each launch will take place "next week." This suggests that each launch will take place before September 9.

Future releases are scheduled

Circle described the launch as part of its “Stable September” campaign. It previously announced that it would launch USDC on five blockchains in September.

Targeted blockchain launches for September include Cosmos via Noble, NEAR, and Polkadot, as well as the aforementioned Base and Optimism launches. The company also said it will launch USDC on the sixth chain, Polygon PoS, in October. USDC currently exists on Polygon in a bridged form.

In addition to launching on new blockchains, Circle is also expanding internationally. The company recently announced a partnership whereby Latin American payments network Mercado Pago will provide USDC support for users in Chile. #USDC  #Circle