Circle Announces Upgrade For USDC, EURC Stablecoins: Here Are The Changes In Store
Portfolio Pulse from Khyathi Dalal
Circle has announced a v2.2 upgrade to USDC and EURC stablecoins, which will include decreased gas costs, better support for account abstraction, and increased security for transactions on EVM blockchains. The upgrade is fully backward compatible and requires no action from developers or users. The efficiency improvements will lead to a 6-7% gas cost reduction for common operations like making a transfer, payment, or trade with USDC or EURC. The rollouts commenced on Nov. 9 and Circle plans to finish the updates in the upcoming months.
November 09, 2023 | 9:49 pm
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The v2.2 upgrade to USDC by Circle will decrease gas costs, improve account abstraction support, and enhance transaction security. This is expected to reduce gas costs for common operations by 6-7%.
The upgrade to USDC is expected to improve its efficiency and security, making it more attractive to users and potentially increasing its usage. This could lead to an increase in the value of USDC in the short term.
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