Circle Launches USDC Chain Abstraction Tool for Devs

Circle has unveiled a new tool for developers that will allow holders of its USDC stablecoin access a unified balance across supported blockchains.

In a blog post published today, July 1, the company announced Circle Gateway, which, when integrated into a service, lets users access their total USDC balance across different supported blockchains, without the need to bridge their stablecoins.

CRCL is currently trading near $187 per share, up about 3% today, and over 500% from its IPO price. USDC currently has a market cap of over $61 billion, making it the second-largest stablecoin after Tether’s USDT, with over $157 billion.

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