Circle Launches Gateway for Simplified USDC Transfers Across Multiple Chains

Circle has announced the launch of a new platform, aptly named ‘Gateway,’ aimed at streamlining USDC transfers between different blockchain networks. The platform addresses a significant challenge faced by financial institutions: liquidity fragmentation. 🤯 Companies currently struggle to maintain their stablecoin balance across various chains and manually rebalance funds. Instead, Gateway offers a unified balance accessible on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Unichain. The platform’s robust infrastructure will continue expanding with additional support for Circle’s upcoming Arc network. 💫