USDC to come go live on Polygon October 10th

USDC is a stablecoin managed by Circle and its the same as USDT is managed by Tether. This is a stablecoin backed by USD and now this is available on the polygon chain. Now people pay more attention to stable coins because there are multiple benefits of holding these coins on different protocols. There are multiple use cases for the stablecoins in the Crypto market and even on some platforms, we can generate a good reward for holding these stablecoins.

Some coins like usdt and usdc are more popular because of the bigger market cap and community trust on these coins. Now since we see that most of these coins are available on different blockchain networks which is quite convenient and makes transfer easy. Most of these stablecoins are available on the ethereum blockchain already but now they are expanding to different chains including Bsc and Polygon because these chains are affordable in terms of transaction fees.

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Native USDC will launch on Polygon PoS on October 10th, which will kick off a transition away from bridged USDC for ecosystem apps, developers, and users. This transition will also coincide with the discontinuation of support for deposits and withdrawals of bridged USDC via Circle Account and its APIs on November 10th.

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This is a good update for USDC holders or whoever is trading more on this token through different pairs because now the transactions can be processed on the polygon blockchain. This chain is good because the transaction fee is very low which you hardly pay attention to and if you do the comparison between Ethereum then there is a huge difference between both chains.

If you are in crypto then you should know how you can make the most out of the available opportunity and this knowledge can help you save a lot of money on the transaction fee because sometimes we need to do transactions on stablecoins and this is how you can save money.

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