Worldcoin Taps Circle’s USDC To Boost Global Transfers, WLD Price To Rally?
Highlights
- Worldcoin's World Chain is eyeing Circle's USDC integration for seamless transfers.
- This development, soon after the World ID launch in the U.S., has garnered attention towards WLD price.
- WLD price is currently up over 10% weekly.
Sam Altman’s Worldcoin has once again nabbed substantial attention with its recent plans to integrate Circle’s USDC to jack up global transfers. An official announcement by the World team this Friday revealed that USDC and Cross Chain Transfer Protocol (CCTP) V2 will be available shortly on the AI-powered network.
This update follows a recent advancement in the U.S., wherein World ID was launched in 6 key cities. Now, crypto market participants’ eyes remain glued to WLD, the blockchain’s native crypto, given the recent endeavors fuel optimism about future price prospects.
Worldcoin Integrates Circle’s USDC: Details
According to an official Worldcoin announcement on May 2, Circle’s USDC and CCTP V2 will be available shortly on World Chain. While users may already find bridged USDC currently available on the network, an upgrade to issue the digital dollar directly is in the pipeline.
The World Network’s colossal user base, ranging from Buenos Aires to Busan, has been accessing bridged USDC via ‘Mini Apps’ and sending remittances without predatory transfer fees. Now, with Circle’s stablecoin integration into the network, all existing bridged USDC held on World Chain will be converted to native USDC. This measure aims to provide users with coins that are 100% backed by highly liquid cash and cash-equivalent assets.
Furthermore, with the CCTP V2 upgrade, cross-chain transfers become more seamless and cost-effective. Overall, this development aims to streamline user experience across the network, attracting further attention market-wide.
On the other hand, Worldcoin has also launched its World ID in the U.S., garnering additional attention in the sector. In turn, traders and investors are thoroughly eyeing the project’s native coin, WLD, expecting a bullish price shift amid major advancements.
At the time of reporting, WLD price witnessed a marginal 0.25% jump and traded at $1.04. The weekly price chart for the AI crypto illustrated a 12% pump. This broader rising action has kept investors hopeful about a bull run, with their optimism further uplifted due to the abovementioned developments.
Adding to this optimism, a WLD price prediction by CoinGape has revealed that bulls currently dominate the AI token, according to the 3-month bias indicator.
- Fed’s Schmid Signals Opposition to Further Rate Cuts With Inflation ‘Too High’
- IBIT Bitcoin ETF Becomes BlackRock’s Most Profitable Fund, Nears $100B Milestone
- Bitcoin Tops $126,000 as Market Prices In Three-Week U.S. Government Shutdown
- Paul Tudor Jones Predicts Explosive Bull Market Amid Bitcoin’s ‘Uptober’ Rally
- Robinhood Outage Reported by Users, HOOD Stock Drops
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
