The WEMIX team announces a transition from the current WEMIX$ stablecoin to USDC.e by 2025. This change involves discontinuing WEMIX$ service in preparation for the new ecosystem utilizing USDC.e.
USDC.e is a stablecoin built on the WEMIX3.0 mainnet, based on Circle’s bridged USDC standard and Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This allows USDC issued on Ethereum to be used within the WEMIX3.0 ecosystem.
**Benefits of the Transition**
USDC.e leverages a burn-and-mint mechanism, combining reliability with the well-established global adoption of USDC, one of the most widely used stablecoins in the market. With increased interoperability through CCIP, WEMIX3.0 will see wider accessibility for new users and support broader expansion within existing networks.
**Transition Process**
A detailed transition schedule will be provided separately, with a completion timeline by 2025. Key steps include:
* **Liquidity Transition:** On-chain liquidity from WEMIX$ will be replaced with USDC.e, ensuring stability through pre-existing USDC.e liquidity.
* **Conversion Support for Holders:** WEMIX$ holders can continue to convert their funds into an equivalent amount of USDC.e via the WEMIX$ Module after service discontinuation.
This transition prioritizes stability and is expected to contribute to further growth within the WEMIX3.0 ecosystem.
**To learn more about this announcement, visit the official WEMIX website: [https://www.wemix.com/news/stablecoin-transition-in-the-wemix30-ecosystem-0b3d9f934873](https://www.wemix.com/news/stablecoin-transition-in-the-wemix30-ecosystem-0b3d9f934873) and follow WEMIX on the following channels:
* Official WEMIX website: wemix.com | WEMIX Community (Community, X(Twitter), Telegram, CoinMarketCap, LinkedIn, Binance Square, Facebook(WEMIX), Facebook(WEMIX Games)
* WEMIX PLAY Feed: WEMIX PLAY