π₯Osmosis ( $OSMO) announced native $USDC support soon. A fully regulated, non-bridged, stablecoin coming to the #Cosmos ecsoystem. I did some quick research and this is what I found so far ππ«‘ 
πINTRO
The tokenfactory module, built by #Osmosis allows any account to create a new token on $OSMO; 'ππππππππ ππ‘ ππππππππππππ’ ππππππ-πππππ πππππ --ππππ πππππ·'
The tokenfactory module, built by #Osmosis allows any account to create a new token on $OSMO; 'ππππππππ ππ‘ ππππππππππππ’ ππππππ-πππππ πππππ --ππππ πππππ·'
The tokenfactoy π οΈ module leveraged by ππ -ππππ enables to issue a centralized stablecoin with the ability to:
β MINT (owner of a contract can delegate minting allowance of π‘ - ππππππ to a new address)
β BURN
β FREEZE
β BLACKLIST
β MINT (owner of a contract can delegate minting allowance of π‘ - ππππππ to a new address)
β BURN
β FREEZE
β BLACKLIST
To compile, deploy and interact with the contract on $OSMO, beaker tool π οΈ comes into play. Beaker console is a js console preloaded with tools for making it easy to interact with your contract.
βοΈ Code snippet to mint with beaker:
ππ πππ ππππππ.ππππΌπππππ({ πππππππ: ππ πππ.πππππππ, πππππ ππππ: "π·00000" })
π οΈ Interested in more technical insights? Check out github.com/osmosis-labs/cβ¦
π€― But who is going to deploy $USDC on $OSMO?
ππ πππ ππππππ.ππππΌπππππ({ πππππππ: ππ πππ.πππππππ, πππππ ππππ: "π·00000" })
π οΈ Interested in more technical insights? Check out github.com/osmosis-labs/cβ¦
π€― But who is going to deploy $USDC on $OSMO?
πCIRCLE - $USDC CONTRACT OWNER
Circle, a regulated fintech, created $USDC (in collaboration with @Coinbase) is a trusted, widely accepted, and highly liquid digital dollar. It is a fully-reserved stablecoin, every digital dollar of USDC on the internet is 100% backed by cash.
Circle, a regulated fintech, created $USDC (in collaboration with @Coinbase) is a trusted, widely accepted, and highly liquid digital dollar. It is a fully-reserved stablecoin, every digital dollar of USDC on the internet is 100% backed by cash.
... and they will come to $OSMO and make native $USDC (fully regulated) available within the whole #Cosmos ecosystem ( $ATOM, $EVMOS, $JUNO)
π SOME NUMBERS:
- Over $55B $USDC in circulation today
- Over $5.40T $USDC on-chain transactions in total
π SOME NUMBERS:
- Over $55B $USDC in circulation today
- Over $5.40T $USDC on-chain transactions in total
π NATIVE USDC vs BRIDGED USDC
Bridged $USDC by design often leaves room for vulnerabilities, which can be exploited at the expense of users. Native $USDC support is much safer and fully regulated by Circle.
Bridged $USDC by design often leaves room for vulnerabilities, which can be exploited at the expense of users. Native $USDC support is much safer and fully regulated by Circle.
β’ β’ β’
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