# Bridged USDC on Polygon PoS

> USDC.e on Polygon PoS is bridged, non-native USDC from Ethereum; Circle stopped supporting its deposits/withdrawals via Circle Mint as of Nov 10, 2023, favoring...

- Canonical URL: https://iq.wiki/wiki/bridged-usdc-on-polygon-pos
- Categories: Cryptoassets
- Tags: Layer 1, Infrastructure, Layer 2
- Created: 2025-07-24T15:19:54.810Z
- Last updated: 2025-07-28T20:22:31.332Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Bridged USDC (Polygon PoS Bridge)** refers to a version of the [USD Coin (USDC)](https://iq.wiki/wiki/usdc) [stablecoin](https://iq.wiki/wiki/stablecoin) that was transferred from the [Ethereum](https://iq.wiki/wiki/ethereum) [blockchain](https://iq.wiki/wiki/blockchain) to the [Polygon](https://iq.wiki/wiki/polygon) [Proof-of-Stake (PoS)](https://iq.wiki/wiki/proof-of-stake) network via a bridging mechanism. This bridged asset, often identified as USDC.e, was distinct from the native [USDC](https://iq.wiki/wiki/usdc) issued directly on [Polygon](https://iq.wiki/wiki/polygon) PoS by [Circle](https://iq.wiki/wiki/circle). [\[1\]](#cite-id-8pHHRdUDuP)

![](https://ipfs.everipedia.org/ipfs/QmYWBkHNEEcn3j8GXQ8NpAg6StP3uonw4Ae5dmkoFTGQQS)

## Overview

[Polygon](https://iq.wiki/wiki/polygon) PoS network has utilized bridged versions of [USDC](https://iq.wiki/wiki/usdc), such as USDC.e, which originated from [Ethereum](https://iq.wiki/wiki/ethereum) and were moved across the [Polygon](https://iq.wiki/wiki/polygon) Bridge. This allowed for the use of [USDC](https://iq.wiki/wiki/usdc) within the [Polygon](https://iq.wiki/wiki/polygon) ecosystem. [Polygon](https://iq.wiki/wiki/polygon) PoS is a scalable blockchain designed to complement [Ethereum](https://iq.wiki/wiki/ethereum)'s security by offering improved transaction speeds and reduced costs, making it suitable for a wide range of [decentralized applications](https://iq.wiki/wiki/decentralized-application).

However, [Circle](https://iq.wiki/wiki/circle), the issuer of [USDC](https://iq.wiki/wiki/usdc), transitioned its support to a native version of [USDC](https://iq.wiki/wiki/usdc) directly issued on the [Polygon](https://iq.wiki/wiki/polygon) PoS [blockchain](https://iq.wiki/wiki/blockchain). This strategic shift aimed to streamline the stablecoin's presence and functionality within the [Polygon](https://iq.wiki/wiki/polygon) ecosystem, ensuring a more direct and secure integration for users and developers. The native [USDC](https://iq.wiki/wiki/usdc) on [Polygon](https://iq.wiki/wiki/polygon) PoS is directly issued and redeemable 1:1 for US dollars, backed by [Circle's](https://iq.wiki/wiki/circle) reserves. [\[2\]](#cite-id-VRSd56Ueyf) [\[3\]](#cite-id-0v3XEb4GhV)

## Use Cases

Native [USDC](https://iq.wiki/wiki/usdc) on [Polygon](https://iq.wiki/wiki/polygon) PoS is utilized across a variety of applications and services within the [Polygon](https://iq.wiki/wiki/polygon) ecosystem, benefiting from the network's low transaction fees and high throughput. Popular applications that integrate native [USDC](https://iq.wiki/wiki/usdc) on [Polygon](https://iq.wiki/wiki/polygon) PoS include:

* **Decentralized Finance (DeFi):** Lending protocols like [AAVE](https://iq.wiki/wiki/aave) and [Compound](https://iq.wiki/wiki/compound), [decentralized exchanges (DEXs)](https://iq.wiki/wiki/decentralized-exchange) such as Curve, [Quickswap](https://iq.wiki/wiki/quickswap), and [Uniswap](https://iq.wiki/wiki/uniswap), leverage native [USDC](https://iq.wiki/wiki/usdc) for liquidity provision, trading, and yield farming [\[2\]](#cite-id-VRSd56Ueyf)
* **Payments:** [USDC](https://iq.wiki/wiki/usdc) facilitates low-cost, near-instant global payments, enabling businesses and individuals to conduct cross-border transactions efficiently [\[6\]](#cite-id-ugrW9mHTrb)
* **Dollar Access:** It provides a stable store of value, offering access to a digital dollar worldwide, particularly in regions with volatile local currencies [\[7\]](#cite-id-7yo3tW1gOI)
* **Trading Services:** Native [USDC](https://iq.wiki/wiki/usdc) powers liquid financial markets, providing a regulated [stablecoin](https://iq.wiki/wiki/stablecoin) for trading and market making activities [\[8\]](#cite-id-ory8RpW0X6)

## Tokenomics

The token maintains a 1:1 peg to the U.S. dollar and is issued by [Circle](https://iq.wiki/wiki/circle). Its max total supply on [Polygon](https://iq.wiki/wiki/polygon) is 662.2 million [USDC](https://iq.wiki/wiki/usdc), with an on-chain market capitalization of around $662.1 million. The broader circulating market cap of [USDC](https://iq.wiki/wiki/usdc) across all chains stands at over $64.7 billion. With more than 152 million total transfers and nearly 2 million holders, the token supports stable, scalable value exchange within the [Polygon](https://iq.wiki/wiki/polygon) [DeFi](https://iq.wiki/wiki/defi) ecosystem.  [\[10\]](#cite-id-gIZHx9u6xG)