

De-fi
Circle Launches USDC Chain Abstraction Tool for Devs – Crypto News
Circle Gateway unifies USDC held across different chains into a single balance with cross-chain liquidity.
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.
“Blockchains inherently operate in silos, which means users holding USDC on one chain like Ethereum cannot access it on another like Solana without a series of crosschain bridging steps,” Circle explained in today’s post. “For many users, this creates a confusing experience that degrades usability and hinders broader adoption.”
Circle Gateway is aimed at improving user experience for both end users, as well as business, such as payment service providers and exchanges. The tool lets users deposit USDC into a non-custodial smart contract that creates a single, unified balance for all of their holdings, as well as real-time cross-chain liquidity, Circle said.
USDC is currently deployed natively across 23 blockchain networks, per Circle’s website. The majority of USDC’s supply is on Ethereum, about 38 billion USDC, with another 7.3 billion USDC deployed on Solana, and 3.7 billion on Base.
“For end users, this means frictionless 1-click crosschain experiences without needing to switch networks or move assets manually,” Circle added in today’s annoucement. For businesses, the tool provides USDC liquidity across supported blockchain networks, without the need to pre-fund liquidity across multiple chains to meet customer demand.
“Totally seamless crosschain UX [user experience] for USDC is arriving,” Circle CEO Jeremy Allaire said on X this morning. “Just in time for mainstream scale adoption of stablecoin money.”
Gateway will go live on Avalanche, Base and Ethereum testnets this month, with more to come, the announcement noted. The supply of USDC on Avalanche is currently around 618.24 million USDC, per DeFiLlama data, making it the network with the ninth-largest supply of the stablecoin.
A Busy Quarter
Q2 2025 was a busy one for Circle, which went public on June 5, raising $1.1 billion — and leaving another $1.7 billion on the table based on the market price CRCL stock hit within hours. Later last month, Circle’s market cap briefly flipped that of its stabelcoin, USDC.
Just yesterday, it was revealed that Circle has applied for a U.S. trust bank license from the Comptroller of the Currency, a federal agency that oversees banks. If approved, Circle would be able to custody its own reserves, as well as those of institutional clients, but it could not take cash deposits or make loans.
In May, Circle went live with the Circle Payments Network, a cross-border payments network taking aim at TradFi’s slow and costly SWIFT platform by offering real-time transaction settlement
-
Cryptocurrency1 week ago
Whale Sells $407K TRUMP, Loses $1.37M in Exit – Crypto News
-
Blockchain1 week ago
Robinhood Dealing With Fallout of Tokenized Equities Offering – Crypto News
-
Cryptocurrency1 week ago
Satoshi-Era Bitcoin Whale Moves Another $2.42 Billion, What’s Happening? – Crypto News
-
Blockchain6 days ago
Ripple and Ctrl Alt Team to Support Real Estate Tokenization – Crypto News
-
Technology6 days ago
Fed Rate Cut Odds Surge As Powell’s Future Hangs In The Balance – Crypto News
-
Cryptocurrency1 week ago
Strategy Resumes Bitcoin Buys, Boosting Holdings to Over $72 Billion in BTC – Crypto News
-
Cryptocurrency1 week ago
Bitcoin Breaches $120K, Institutional FOMO Takes and House Debate Propel Gains – Crypto News
-
Technology6 days ago
Fed Rate Cut Odds Surge As Powell’s Future Hangs In The Balance – Crypto News
-
Business5 days ago
XLM Is More Bullish Than ETH, SOL, And XRP, Peter Brandt Declares – Crypto News
-
Cryptocurrency1 week ago
Why Is Bitcoin Up Today? – Crypto News
-
Business1 week ago
Pepe Coin Rich List June 2025: Who’s Holding Highest PEPE as it Nears Half a Million Holders? – Crypto News
-
others6 days ago
EUR/USD recovers with trade talks and Fed independence in focus – Crypto News
-
Business5 days ago
XRP Lawsuit Update: Ripple Paid $125M in Cash, Settlement Hinges on Appeal – Crypto News
-
Cryptocurrency5 days ago
Bitcoin trades near $119K after new all-time high; Coinbase rebrands wallet to ‘Base App’ – Crypto News
-
Blockchain1 week ago
Ziglu Faces $2.7M Shortfall as Crypto Fintech Enters Special Administration – Crypto News
-
Cryptocurrency1 week ago
Cardano’s $1.22 target: Why traders should be aware of THIS ADA setup – Crypto News
-
Metaverse7 days ago
Why voice is emerging as India’s next frontier for AI interaction – Crypto News
-
Metaverse6 days ago
Nvidia’s Jensen Huang says AI ‘fundamental like electricity’, praises Chinese models as ‘catalyst for global progress’ – Crypto News
-
others5 days ago
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal – Crypto News
-
others5 days ago
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal – Crypto News
-
Cryptocurrency1 week ago
Bitcoin and Ethereum ETFs record $3.6B inflows this week – Crypto News
-
Technology1 week ago
Amazon Prime Day Sale 2025: Best earphones and headphone deals with up to 70% off – Crypto News
-
Cryptocurrency1 week ago
Donald Trump Jr. backs social media startup aiming to become a crypto powerhouse – Crypto News
-
Technology1 week ago
Google, Anthropic, OpenAI and xAI join US defence to tackle national security with AI – Crypto News
-
Business1 week ago
CME XRP Futures Hit $1.6B In Total Trading Volume Since Launch – Crypto News
-
Cryptocurrency1 week ago
Stellar [XLM] bulls exhausted after rally – Is a pullback nearby? – Crypto News
-
Cryptocurrency1 week ago
Fed’s Hammack Raises Inflation Concerns Amid Push For Interest Rate Cut – Crypto News
-
Cryptocurrency7 days ago
It’s a Statement, Says Bitfinex Alpha – Crypto News
-
Cryptocurrency6 days ago
1inch price forecast: 1INCH hits 7-month high after double digit gains – Crypto News
-
Cryptocurrency6 days ago
1inch price forecast: 1INCH hits 7-month high after double digit gains – Crypto News
-
Business6 days ago
Ethereum Price Prediction- Bulls Target $3,700 As ETH Treasury Accumulation Soars – Crypto News
-
others6 days ago
Top Crypto Exchange by Trading Volume Binance Announces Airdrop for New Ethereum (ETH) Ecosystem Altcoin – Crypto News
-
De-fi5 days ago
U.S. Marshals Peg Federal Bitcoin Holdings at 28,988 Tokens Worth $3.4 B – Crypto News
-
Cryptocurrency5 days ago
Russia’s $85 Billion Sberbank to Launch Crypto Custody Services – Crypto News
-
Blockchain5 days ago
Nasdaq Exchange Files SEC Form to List Staking Ethereum ETF – Crypto News
-
Cryptocurrency4 days ago
Anarchy, crime and stablecoins – Blockworks – Crypto News
-
Technology1 week ago
Peter Schiff Reignites Bitcoin Criticism, Calls 21M Supply Arbitrary – Crypto News
-
Business1 week ago
Ethereum ETFs Record Best Week Since Launch With $900M Inflows – Crypto News
-
others1 week ago
JPMorgan Chase CEO Says Traders May Be Seriously Mistaken on Fed Rate Cuts: Report – Crypto News
-
Cryptocurrency1 week ago
Friday charts: The rise of zero-sum thinking – Crypto News
-
others1 week ago
Crypto Hacker Who Drained $42,000,000 From GMX Goes White Hat, Returns Funds in Exchange for $5,000,000 Bounty – Crypto News
-
Cryptocurrency1 week ago
Pump.fun Concludes $500M ICO in 12 Minutes — But Something Doesn’t Add Up – Crypto News
-
Cryptocurrency1 week ago
Why Are So Many Crypto Games Shutting Down? Experts Weigh In – Crypto News
-
De-fi1 week ago
Robinhood Opens Ether and Solana Staking to US Users – Crypto News
-
Blockchain1 week ago
UK Banks Should not Issue Stablecoins – Crypto News
-
Cryptocurrency1 week ago
Top 3 altcoins under $1 worth watching: Sei, Ethena, Arbitrum – Crypto News
-
Blockchain1 week ago
The Bitcoin Liquidity Supercycle Has Just Begun: Hedge Fund CEO – Crypto News
-
others1 week ago
Bitcoin Critic Vanguard Becomes Strategy’s (MSTR) Largest Shareholder – Crypto News
-
Technology1 week ago
V Guard INSIGHT-G BLDC fan review: Cool performer with a premium look – Crypto News
-
Cryptocurrency1 week ago
Fed’s Hammack Raises Inflation Concerns Amid Push For Interest Rate Cut – Crypto News