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\t\t\t\t\t\t\t\tPosted: September 30, 2023 \t\t\t\t\t\t Polygon [MATIC]<\/span><\/a> recently revealed that USD Coin [USDC]<\/a> will soon launch on its PoS chain. While the blockchain worked on integrating a new stablecoin, its native token\u2019s price action turned bullish, thanks in part to the current market condition.<\/span><\/p>\n Is your portfolio green? Check out the<\/span> MATIC Profit Calculator<\/span><\/a>\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n As per the latest announcement, native USDC will launch on Polygon PoS on 10 October. This will initiate a transition away from bridged USDC for ecosystem apps, developers, and users.<\/span><\/p>\n October 10th \u2013 save the date. Native $USDC<\/a> will launch on Polygon PoS.<\/p>\n Native USDC, issued by @circle<\/a>, will be the official form of USDC for the Polygon PoS ecosystem.<\/p>\n The benefits? \u2014 Polygon (Labs) (@0xPolygonLabs) September 28, 2023<\/a><\/p>\n<\/blockquote>\n From 10 October, USDC issued by Circle will be native to Polygon PoS and will be the official form of USDC for the ecosystem. <\/span><\/p>\n As per the official announcement, ahead of the launch of native USDC, the Ethereum [ETH]<\/a>-bridged form of USDC on block explorers like PolygonScan will be renamed as USDC.e. <\/span><\/p>\n Native USDC liquidity will increase over time and eventually take the place of bridged USDC liquidity obtained from Ethereum using the<\/span> Polygon PoS<\/span><\/a> Bridge. <\/span><\/p>\n This will also provide several benefits, such as support by Circle Account and its APIs, enabling institutional on\/off-ramps, and more. <\/span><\/p>\n However, it was surprising to see that while the blockchain was preparing to integrate USDC, the Development Activity metric dropped. The Dev. Activity Contributor Count metric also followed the same declining trend in the last week.<\/span><\/p>\n Source: Santiment<\/p>\n<\/div>\n Moreover, Polygon PoS\u2019s network activity has somewhat flattened over the last few months. This was evident from Artemis\u2019 data, which showed that the blockchain\u2019s daily active addresses and transactions failed to move up by a huge extent. <\/span><\/p>\n But once USDC gets integrated, the situation might change as it can lure new users onto the network.<\/span><\/p>\n Source: Artemis<\/p>\n<\/div>\n Thanks to the crypto market\u2019s condition, MATIC\u2019s price action turned bullish before the latest integration. According to<\/span> CoinMarketCap<\/span><\/a>, MATIC was up by more than 3% over the last seven days. <\/span><\/p>\n At the time of writing, it was trading at $0.5224 with a market capitalization of over $4.8 billion. Thanks to the price uptick, Polygon\u2019s MVRV Ratio improved as well.\u00a0<\/span><\/p>\n Read<\/span> Polygon\u2019s [MATIC] Price Prediction<\/span><\/a> 2023-24<\/span><\/p>\n
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\nPolygon to integrate USDC<\/b><\/h4>\n
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\u2013 Fully reserved & always redeemable 1:1 for US dollars
\u2013 Supported by Circle Account & its APIs\u2026 https:\/\/t.co\/yCSf4gmaab<\/a><\/p>\n![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Polygon-on-Ethereum-MATIC-14.36.40-29-Sep-2023.png\")
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<\/a><\/p>\nMATIC is now registering gains<\/b><\/h4>\n
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