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Circle Launches USDC Chain Abstraction Tool for Devs Circle Launches USDC Chain Abstraction Tool for Devs

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Circle Launches USDC Chain Abstraction Tool for Devs – Crypto News

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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.

CRCL stock price. Source: TradingView

“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

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