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Announcement

A New Chapter For USDC: Native USDC Replaces USDC.e

Liam Thomson
• Publilshed
November 9, 2023

We’re excited to be one of the first adopters of Native USDC on Polygon! This means from today, make sure you’re only sending Native USDC to your Stables wallet and not the bridged version “USDC.e” from Ethereum.

Why the Switch to Native USDC?

Last month, Circle, the issuer of USDC, announced plans to issue Native USDC directly on blockchains, starting with Polygon. We migrated all balances to Native USDC and have now discontinued support for USDC.e deposits and withdrawals.

This advancement from Circle has a number of exciting benefits, including institutional on/off-ramps and future support by CCTP (Cross-Chain Transfer Protocol), which will eliminate bridge withdrawal delays, allowing near-instantaneous teleportation of USDC from one blockchain to another.

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What Does This Mean for You?

From November 9th, it's important that you only send Native USDC to your Stables wallet, as the older version, USDC.e, will no longer be supported by Circle. This transition ensures a smoother, more efficient, and more secure experience for you. If, by chance, you end up sending USDC.e to your Stables wallet, please contact customer support via our in-app chat.

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Want more info about Native USDC?

If you’re keen to understand more about Native USDC, check out Circle’s blog post here.

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Stay Updated

To keep up to date on the latest, make sure you’re following our blog here and our Twitter account!

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Stables powered by Tiiik Pty Ltd ACN 639 448 490 is a registered Digital Currency Exchange (DCE) provider with AUSTRAC - DCE100780083-001. Tiiik is also registered as an independent remittance dealer with AUSTRAC - IND100780083-001

The Stables Card Mastercard® powered by Tiiik Pty Ltd is issued by EML Payment Solutions Limited ABN 30 131 436 532, AFSL 404 131 ("Issuer"), and is managed by Mastercard Prepaid Management Services Australia Pty Ltd ABN 47 145 044, AFSL 386 837. You should consider the Product Disclosure Statement and Target Market Determination for this product located here. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you.

* Subject to any surcharge that may be imposed directly by merchants. The Stables Card is unable to be used for purchases related to gambling or adult entertainment. Currently the Stables Card cannot be used in the following countries and geographical regions due to sanctions that are currently in place: Crimea, Iran, North Korea, Sudan, Syria, Donetsk and Luhansk. If you attempt to use your card at merchants in any of these countries and geographical regions, your request will be declined. Additionally, all Mastercards will not work at Russian merchants. In addition, the POS terminals are not owned or operated by the Issuer or Mastercard Prepaid Management Services Australia Pty Ltd and the Issuer or Mastercard Prepaid Management Services Australia Pty Ltd are not responsible for ensuring that merchants will accept the Stables Card. For example, the Issuer and Mastercard Prepaid Management Services Australia Pty Ltd cannot control when a POS terminal is due for maintenance or is faulty of if a merchant chooses not to accept the Stables Card. In such cases, your Stables Card may not function properly or be declined. For more information please see the Product Disclosure Statement.

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