USDC on NEAR protocol
About NEAR Protocol
NEAR Protocol is a cutting-edge blockchain platform known for its exceptional performance and user-friendly onboarding process. It distinguishes itself by employing sharding technology, which allows for rapid, low-cost transaction settlements. These remarkable features make NEAR Protocol a compelling choice for developers seeking to build on a solid and dependable foundation.
Understanding Native vs. Bridged USDC on NEAR
Circle, a renowned name in the world of digital currencies, has introduced USDC (USD Coin) to various blockchain networks to empower developers. This native USDC is officially issued by Circle and is perpetually redeemable at a 1:1 ratio for US dollars, instilling trust and reliability.
For NEAR Protocol, there is also a bridged version of USDC, referred to as USDC.e, which is essentially USDC that has been migrated from the Ethereum network. It's crucial to note that bridged USDC (USDC.e) is not issued by Circle and is incompatible with Circle Account and Circle APIs.
Key Information:
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Bridged USDC from Ethereum:
- Token Symbol: USDC.e
- Token Address: a0b86991c6218b36c1d19d4a2e9eb0ce3606eb48.factory.bridge.near
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Native USDC issued by Circle:
- Token Symbol: USDC
- Token Address: 17208628f84f5d6ad33f0da3bbbeb27ffcb398eac501a31bd6ad2011e36133a1 (Please refrain from attempting to send bridged USDC.e on NEAR to your Circle Account, as it may not be recoverable and could result in a loss of funds.)
The NEAR Foundation is actively collaborating with ecosystem partners to facilitate the seamless transition of liquidity from bridged USDC to native USDC.
Use Cases for NEAR USDC
Exchanges, digital wallets, institutional traders, and developers can leverage NEAR USDC through the Circle Account and Circle APIs for various applications, including:
- Facilitating low-cost payments and remittances on a global scale, with settlement times measured in seconds.
- Enabling 24/7 trading, borrowing, and lending through platforms like Burrow, Orderly, and Ref Finance.
- Empowering users to securely store their savings in digital dollars, eliminating the need for traditional bank accounts.
NEAR USDC on Circle brings a world of financial opportunities, offering a stable and efficient solution for a wide range of users and applications within the blockchain ecosystem.

Enhanced Analysis Methodology and User-Friendly Dashboard for USDC on NEAR Protocol
In the ever-evolving landscape of blockchain and digital assets, a robust analysis methodology and an intuitive dashboard are essential for understanding and navigating the intricacies of the USDC token on the NEAR Protocol. This enhanced approach takes a closer look at various aspects, including trades, transfers to/from sectors, transfers to/from centralized exchanges (Cexs), and transfers to/from decentralized finance (Defi) platforms. Here's an overview of how this analysis has been optimized:
Two Types of USDC on NEAR Protocol:
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Bridged USDC from Ethereum:
- Token Symbol: USDC.e
- Token Address: a0b86991c6218b36c1d19d4a2e9eb0ce3606eb48.factory.bridge.near
-
Native USDC issued by Circle:
- Token Symbol: USDC
- Token Address: 17208628f84f5d6ad33f0da3bbbeb27ffcb398eac501a31bd6ad2011e36133a1
To provide an exceptional user experience, the dashboard has been meticulously designed to be highly user-friendly and intuitive, allowing users to effortlessly navigate between different tabs and access vital information about each aspect. Let's delve into the improved structure of these tabs:
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Transfer Tab:
- This tab presents an in-depth view of transfers, including the total transfer amount, transaction details, and user activity over time.
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Trades Overview:
- The first tab offers users a comprehensive overview of trades involving the USDC token on NEAR. It provides relevant metrics and data related to these trades, aiding users in understanding the market dynamics.
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Sector Transfers:
- In the second tab, users can access a concise summary of transfers to and from sectors. This section offers valuable insights into the movement of USDC tokens between various sectors within the NEAR Protocol, helping users track sector-specific trends.
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Defi Transfers:
- The fourth tab presents an informative overview of transfers to and from Defi platforms. It includes associated metrics and data, allowing users to gain valuable insights into the movement of USDC tokens between the NEAR Protocol and decentralized finance (Defi) platforms, crucial for understanding the role of USDC in the broader DeFi ecosystem.
With these enhancements, the analysis methodology and dashboard now provide a more comprehensive and user-friendly experience. Users can easily access and interpret relevant information about the USDC token on the NEAR Protocol, fostering a deeper understanding of its utilization and impact within the blockchain ecosystem.

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