USDC will be integrated into the Layer2 blockchain zkSync, becoming the official form of USDC for the zkSync ecosystem.

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The integration of USDC into the zkSync ecosystem is part of a broader move to enhance the utility and accessibility of digital assets across different blockchain networks. zkSync is a Layer 2 scaling solution for Ethereum, utilizing zkRollup technology. This technology allows for high scalability by bundling multiple transactions into a single proof, significantly reducing the load on the Ethereum mainnet and lowering gas fees. zkSync ensures the same level of security as Ethereum through the use of zero-knowledge proofs, offering users fast and cost-effective transactions without compromising security.

USDC is a stablecoin that is being integrated across various blockchain networks, including Ethereum, Algorand, Arbitrum, Avalanche, Base, Celo, Flow, and Hedera, each with its unique token standard and total supply. For example, as of March 28, 2024, USDC on Ethereum had a total supply of $26.7B, adhering to the ERC-20 token standard.

In the context of zkSync, the USDC that has been bridged onto the zkSync ecosystem is referred to as zkSync Bridged USDC. It has been traded across various decentralized exchanges (DEXes) within the zkSync ecosystem. The performance and trading volume of zkSync Bridged USDC can be tracked on platforms like CoinGecko, which provides information on the price performance of this asset compared to its peers and across different trading platforms within the zkSync environment.

For more detailed and up-to-date information, exploring dedicated resources like the official websites of Circle (the company behind USDC) and zkSync can provide insights into the integration processes, technological underpinnings, and the strategic significance of USDC within the zkSync ecosystem and the broader blockchain landscape.