Bridged USDC (Polygon PoS Bridge)
usdc.e
#83Bridged USDC (Polygon PoS Bridge)
Bridged USDC (Polygon PoS Bridge)
Stablecoins · Fiat-backed Stablecoin+1usdc.e#83
Mcap$1.05B$1.0000.0₂63%
usdc.e Metrics
Spot Volume (24H)
$73.54M+183.00%
Marketcap
$1.05B
FDV
$1.05B
Mindshare
Very Low
Circ. Supply
1.1B
Max Supply
-
Mcap/FDV
99.89%
Total Supply
1.1B
Sector Ranking
#15
About & Links
About & Links
usdc.e Performance
All Time High
$1.45-30.88%
Feb 25, 2021
Cycle Low
$0.862+15.94%
Mar 11, 2023
Trending
usdc.e Metrics
Spot Volume (24H)
$73.54M+183.00%
Marketcap
$1.05B
Mindshare
Very Low
Last Updated: Oct-29-2026 10:44 UTC
Bridged USDC (Polygon PoS Bridge) — Project Update
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Polymarket's migration away from bridged USDC.e on Polygon. Polymarket, the largest onchain prediction market on Polygon, is replacing its primary payment asset — bridged USDC.e — with native USDC through a new partnership with Circle 1. Circle CEO Jeremy Allaire stated the move brings the utility and speed of USDC to Polymarket users, with native Polymarket USDC expected to be introduced by Circle in the coming months 1. The shift is explicitly linked to Polymarket's growing focus on attracting institutional participation, as direct USDC settlement aims to enhance the efficiency, security, and compliance perceived by larger financial entities 2. Bridged USDC.e is a representation of USDC created by locking the original token on Ethereum and minting a corresponding token on Polygon, whereas native USDC is issued directly by Circle on the destination chain.
The broader industry push from bridged to native USDC. The Polymarket transition reflects a wider trend of projects migrating away from bridged stablecoin representations toward Circle-issued native USDC, often enabled by Circle's Cross-Chain Transfer Protocol (CCTP) 3. CCTP works by burning USDC on the source chain, having Circle attest to the burn, and minting native USDC on the destination chain — eliminating pooled liquidity that could be drained and operating free of protocol fees 3. This matters because native USDC is the asset most applications and ecosystems expect, enabling immediate use in platforms like Aave, QuickSwap, and Polymarket without an extra unwrap or translation step 3.
Polygon's positioning as a payments and stablecoin settlement hub. Polygon has continued to emphasize payments, enterprise adoption, and onchain money movement, with PayPal USD landing on the chain and Credible Races surpassing $152 million in total payments volume 4. Stablecoins remain the backbone of the ecosystem, with roughly $3.8 billion in stablecoin market cap on Polygon and USDC holding the majority, driving efficient lending, trading, and payments 5. This context is important for bridged USDC holders because it underscores both the utility of dollar-pegged liquidity on Polygon and the ecosystem's gradual preference for canonical, Circle-issued assets.
Biggest Stories of 2025
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Polygon's "2025 in Review" highlighted a strategic pivot toward real-world money movement, including the acquisitions of Coinme and Sequence to integrate regulated fiat on/off-ramps, a Revolut integration processing $690 million in stablecoin transfers, and the launch of the Rio upgrade boosting throughput to 5,000 transactions per second — reinforcing Polygon's position as a leading stack for onchain finance and, by extension, the environment in which bridged USDC operates (December 30, 2025) 6.
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A step-by-step guide to bridging ETH to Polygon was published, explaining that the process involves locking ETH on Ethereum and minting a representation on Polygon via the official Polygon PoS Bridge or third-party liquidity bridges like Hop or Stargate — the same lock-and-mint mechanism that underlies bridged USDC on Polygon PoS (October 23, 2025) 7.
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The World Chain team disabled bridging for USDC.e on the canonical Ethereum–World Chain bridge in preparation for a USDC upgrade, with native USDC crosschain transfers to be enabled via CCTP V2 — an early 2025 example of the industry-wide migration pattern away from bridged stablecoin representations (May 22, 2025) 8.
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World Chain announced the upcoming USDC upgrade, stating that bridging for USDC.e on the canonical Ethereum–World Chain bridge would be disabled on May 22, 2025, with native USDC crosschain transfers enabled via CCTP V2 in the coming days (May 20, 2025) 9.
Note: No significant project-specific developments for Bridged USDC (Polygon PoS Bridge) were identified within the past 7 days, so the "Currently Interesting" section is not included. The most recent relevant items fall within the past 30 days and are covered above.