Circle is excited to announce the public release of zkEvict, which brings USDC directly onto zkSync without the need for any bridged transactions, offering developers and users seamless integration. This partnership between Circle Mint and Circle APIs brings together two major players in the field, with USDC fully supported on the zkSync platform.

zkSync, a leading Layer 2 rollup solution, has garnered attention for its use of zero-knowledge technology in scaling Ethereum while maintaining security integrity. By utilizing off-chain processing, zero-knowledge rollups minimize data submitted to Ethereum, significantly increasing transaction capacity.

This integration offers numerous benefits for businesses and developers, including faster and cheaper transactions, built-in account abstraction for easy wallet recovery and subscription payments, and the option to pay network fees in USDC. zkSync aims to enhance Ethereum's scalability while upholding values of freedom, self-sovereignty, and decentralization.

As of April 9, 2024, the zkSync ecosystem boasts over 180 dApps and more than 5.7 million unique active wallet addresses in the past month, highlighting its growing influence within the Ethereum network. With USDC now supported on zkSync, entities interested in DeFi and user-centric applications have a reliable currency for various purposes, including payments, remittances, trading, borrowing, and lending.

It's important to distinguish between native USDC and bridged USDC.e. Native USDC, directly issued by Circle, is designed to support new blockchain networks, providing a stable foundation for developers and always redeemable on a 1:1 basis for the US dollar. On the other hand, bridged USDC.e, initially issued on Ethereum, can be migrated to native USDC using Circle's migration document.

The listing of USDC on zkSync opens up opportunities for exchange platforms, digital wallets, institutional traders, and developers to leverage the token for various use cases, including cross-border payments, 24/7 trading on DEX and CEX platforms, and stable savings in digital dollars without relying on traditional banks.

Companies interested in switching from fiat to USDC on zkSync can apply for a Circle Mint account, while developers can refer to the developer handbook for guidance on integrating USDC on zkSync. This collaboration between Circle and zkSync represents a significant advancement in bringing stablecoins to Layer 2 solutions, ultimately enhancing efficiency, security, and accessibility for crypto users worldwide.