Developed by crypto fintech company Circle and Coinbase, stablecoin USDC now supports the Polygon network. In order for the USD-backed stablecoin USDC to be available on Polygon, users had to bridge the USDC from Ethereum to Polygon. There will be no need for such a thing anymore.
Circle and Polygon
Now anyone can use their Circle account to convert their fiat to USDC, the second largest stablecoin. Polygon could benefit from making USDC a cost-effective payment method for businesses. USDC currently works on Stellar, Algorand and a few other networks besides Ethereum.