Discover how Oasys and Celer are enhancing blockchain interoperability with Bridged USDC support.
Blockchain gaming ecosystem Oasys has partnered with non-custodial asset bridge provider Celer to introduce Bridged USDC Standard support on the Oasys blockchain. Developed by Circle Internet Financial (Circle), the Bridged USDC Standard aims to provide a pathway from bridged USDC to native USDC for eligible blockchains.
Issued by Circle, USDC is the world’s largest regulated US dollar-backed stablecoin. Bridged forms of USDC that adhere to Circle’s Standard can act as a proxy for USDC in new blockchain ecosystems, promoting the adoption of dollar-denominated payments and financial activities before a potential upgrade to native USDC.
In collaboration with Celer Network, Oasys will deploy a new form of bridged USDC following Circle’s standard, available immediately to developers and users. This new bridged USDC, named “Bridged USDC (Celer)” with the token symbol “USDC.e”, is backed 1:1 by USDC locked in Ethereum-based smart contracts.
Roadmap for Circulating New Bridged USDC
Oasys has outlined a detailed transition plan for the circulation of the new USDC.e. This multi-tier strategy includes a one-year period for developers and users to swap to USDC.e or revert their legacy bridged USDC (referred to as “Legacy Bridged USDC (Celer)” with the token symbol “USDC.e-legacy”) back to Ethereum, ensuring user convenience and asset security throughout the transition.
For detailed instructions on the swapping and bridging process and more information on the transition plans for the new USDC.e, developers and users are encouraged to visit the Oasys blog.
About Oasys
Oasys is a cutting-edge blockchain video gaming platform designed to empower gamers and developers. Striving to set the global standard for blockchain gaming, Oasys aims to bring real value to gamers in the blockchain universe. By integrating the best of public and private blockchain technologies, Oasys offers a seamless, fast, and zero-gas-fee gaming experience, revolutionizing the way blockchain gaming is experienced worldwide.
About Celer
Celer is a leading blockchain interoperability protocol that simplifies access to tokens, DeFi, GameFi, NFTs, governance, privacy solutions, and more across multiple chains. With Celer, developers can create inter-chain-native dApps using the Celer Inter-chain Message SDK, benefiting from efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps experience a diverse multi-blockchain ecosystem with the simplicity of a single-transaction user experience, all accessible from a single chain.