Celer Network, a leading non-custodial asset bridge provider, has joined forces with the innovative blockchain gaming platform Oasys to introduce the **Bridged USDC Standard** on the Oasys blockchain. This initiative has been made possible through the technological prowess of Circle Internet Financial (Circle), a global fintech leader, which crafted the **Bridged USDC Standard** to enable eligible blockchains to seamlessly transition from bridged USDC to native USDC in the future.
Circle, the issuer of the world’s most prominent regulated stablecoin pegged to the US dollar, USDC, has set the stage for bridged USDC versions that conform to its Standard. These versions can temporarily substitute for USDC, paving the way for swift integration of US dollar-based transactions and financial operations within emerging blockchain networks.
In collaboration with Celer Network, Oasys is rolling out a fresh iteration of bridged USDC that adheres to Circle’s Standard, making it readily available to the Oasys community of developers and users. Effective immediately, this newly minted bridged USDC will be known as **”Bridged USDC (Celer)”** and will carry the token identifier **”USDC.e.”** This token is securely backed on a one-to-one basis by USDC funds locked in Ethereum-based smart contracts.
**Strategic Roadmap for the New Bridged USDC Rollout**
Oasys has meticulously crafted a comprehensive roadmap to facilitate the distribution of the novel USDC.e. This layered approach underscores Oasys’ dedication to ensuring a smooth transition for its users, prioritizing both convenience and the security of assets. To this end, developers and users are granted a full year to either adopt USDC.e or revert their existing bridged USDC—referred to as **”Legacy Bridged USDC (Celer)”** with the token symbol **”USDC.e-legacy”**—back to the Ethereum network.
For those seeking further details on the transition to USDC.e, including in-depth guidance on the token exchange and bridging processes, Oasys encourages a visit to their official blog.
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