Circle Gateway Surpasses $10 Billion in Total Transfer Volume
Photo: TokenPost
Circle Gateway has surpassed $10 billion in total transfer volume, marking a milestone for Circle’s effort to give businesses access to one USD Coin balance across multiple blockchains. Businesses that use USD Coin (USDC) on several networks may otherwise need to keep separate balances on each one. Gateway is designed to make a unified balance available across supported chains. To use the service, a user deposits USDC into a Gateway Wallet contract and signs a burn intent. The process mints USDC on a destination chain and burns an equal amount on the source chain.
Source: TokenPost
