Binance Adds Support for Native USDC on Polygon – BSC NEWS

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Users will soon be able to make deposits and withdrawals using native USDC on Polygon.
Crypto exchange Binance announced it is expanding support for USD Coin (USDC) on the Polygon PoS network, which is issued by Circle. Deposits and withdrawals for the native USDC on Polygon are set to open soon, and users will be informed in a separate notice. 
The abridged version of the coin, known as USD Coin (PoS) (USDC.e), is already supported by Binance and will now be traded under the ticker MATICUSDCE, according to the statement.
However, deposits and withdrawals for the current USDC on the Polygon PoS Network will be suspended on October 25, 2023, at 06:00 (UTC). This will not impact the services Binance offers, including USDC spot trading, margin trading, futures trading, Binance Earn, and Binance Pay.
Earlier in October, Circle announced the availability of USDC on the Polygon PoS network, making it accessible to users and developers without the need for bridging. The stablecoin issuer will, however, cease support for deposits and withdrawals of abridged USDC.e, with only native USDCs supported from November 10.
The new zkEVM solution has recorded significant progress, attracting substantial capital inflow and a growing user base in less than a week of mainnet launch.
Barely six days since its mainnet launch, Ethereum Layer 2 network Scroll is attracting significant capital inflow and drawing a swarm of new users. 
After more than two years of building, we are thrilled to announce the launch of Scroll Mainnet.

As we open the doors to Mainnet, we want to take a moment to reflect on our journey thus far 💛 pic.twitter.com/WKfkjyIkB0
A new contender in the zero-knowledge Ethereum Virtual Machine (zkEVM) space, the Scroll mainnet follows 15 months of extensive testing and rigorous security audits across three different testnets. 
Notable milestones observed during this period include the deployment of over 450,000 smart contracts, an average of 305,000 transactions per day with over 90 million total transactions across 9 million blocks, and the generation of 280,000 ZK proofs.
In the wake of its successful launch on October 17, the Total Value Locked (TVL) within the protocol has surged to an impressive $15.16 million as of October 23, according to data from Layer 2 analytics platform L2Beat. This milestone reflects the growing confidence and interest in the network.
The network’s adoption is further evident as over 6782 ETH ($11,351,980) has been bridged according to a Dune Analytics dashboard
Furthermore, Scrollscan data reveals that the number of unique addresses reached 84,500, exhibiting a substantial daily increase of 12,579. Scroll has also witnessed its transaction activity peak at 101,375 on October 22.
As of the time of this report, approximately 65.56 ETH, equivalent to $109,730 has been spent on gas on the Scroll mainnet bridge. 
Scroll aims to adhere to high security standards by leveraging battle-tested cryptographic libraries, notably including halo2. Furthermore, the codebase undergoes periodic scrutiny from the community members.
In addition, Scroll has launched a well-funded bug bounty program on Immunefi.
Founded in 2021, Scroll emerges as a rollup solution, contending with established zkEVM solutions like Polygon. The new layer 2 enhances Ethereum's capabilities through innovative zero knowledge technology and Ethereum Virtual Machine (EVM) compatibility. 
Scroll's zkEVM employs a technically intricate, bytecode-level integration, utilizing the same code as Ethereum applications, which allows developers to easily integrate their applications into the Layer 2 network. Among other zkEVM solutions working to enhance Ethereum’s scalability include immutable, zkSync, and StarkWare. 
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.

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