{"id":13194,"date":"2024-08-20T05:58:50","date_gmt":"2024-08-19T22:58:50","guid":{"rendered":"https:\/\/bitcoinvn.io\/news\/?p=13194"},"modified":"2024-08-20T05:58:50","modified_gmt":"2024-08-19T22:58:50","slug":"usdc-and-usdc-e-on-the-optimism-network","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/news\/usdc-and-usdc-e-on-the-optimism-network\/","title":{"rendered":"BitcoinVN now supports USDC and USDC.e on the Optimism Network"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">At BitcoinVN, Vietnam\u2019s premier Bitcoin &amp; Cryptocurrency Exchange, we\u2019re excited to announce our latest addition to the platform: full support for <\/span><a href=\"https:\/\/bitcoinvn.io\/?deposit=usdcoptimism2&amp;settle=vnd\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">USDC<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/bitcoinvn.io\/?deposit=usdcoptimism&amp;settle=vnd\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">USDC.e<\/span><\/a><span style=\"font-weight: 400;\"> on the Optimism network.\u00a0<\/span><\/p>\n<h3>\u00a0\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-13197\" src=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/USDC-USDC.e-on-the-Optimism-Network.jpg\" alt=\"BitcoinVN now supports USDC and USDC.e on the Optimism Network\" width=\"400\" height=\"507\" srcset=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/USDC-USDC.e-on-the-Optimism-Network.jpg 600w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/USDC-USDC.e-on-the-Optimism-Network-237x300.jpg 237w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/USDC-USDC.e-on-the-Optimism-Network-331x420.jpg 331w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><b>Why Optimism?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Optimism is a Layer 2 scaling solution for Ethereum, designed to significantly reduce transaction fees and improve transaction speeds, all while maintaining the security and decentralization of the Ethereum network. By integrating USDC and USDC.e on Optimism, we enable our users to enjoy faster transactions with lower fees, making your trading experience smoother and more efficient.<\/span><\/p>\n<h3><b>What Does This Mean for You?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lower Transaction Fees:<\/b><span style=\"font-weight: 400;\"> Moving your USDC or USDC.e on the Optimism network allows you to save on gas fees compared to the main Ethereum network.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Faster Transactions:<\/b><span style=\"font-weight: 400;\"> Optimism\u2019s Layer 2 solution ensures quicker transaction confirmations, enhancing your overall experience.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Seamless Integration:<\/b><span style=\"font-weight: 400;\"> As always, we\u2019ve made sure that integrating these new options into your trading process is as seamless as possible.<\/span><\/li>\n<\/ul>\n<h3><b>USDC Adoption on Optimism<\/b><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-13196 alignleft\" src=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/USDC-and-USDC.e-on-the-Optimism-Network.jpg\" alt=\"\" width=\"400\" height=\"259\" srcset=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/USDC-and-USDC.e-on-the-Optimism-Network.jpg 600w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/USDC-and-USDC.e-on-the-Optimism-Network-300x194.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The Optimism network has climbed to rank 6 measured in issuance of USDT (Tether), the world\u2019s leading stablecoin, with over 1 billion USDT in circulation (~1% of total USDT issuance). However, adoption of USDC on Optimism currently lags behind.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently the total issuance of USDC on the Optimism Network is only about ~100m$ (less than 0.3% of total supply) and it is only the 12th most-adopted network to transfer USDC, the stablecoin with possibly the widest reach across a Western audience.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aside from Ethereum, the longstanding leader in the space, which only recently dipped below a 70% market share for USDC, other Ethereum Layer 2 solutions like Arbitrum and Polygon still dominate this area.<\/span><\/p>\n<h3><b>What is the difference between USDC and USDC.e?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, USDC and USDC.e are different assets and we highly recommend making yourself familiar with the differences.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Failing to do so can result in the unexpected loss of money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can read more about the <\/span><a href=\"https:\/\/bitcoinvn.io\/news\/usdc-versus-usdc-e\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">differences between USDC and USDC.e here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><a href=\"https:\/\/bitcoinvn.io\/news\/usdc-versus-usdc-e\/\"><span style=\"font-weight: 400;\">\u00a0<\/span><\/a><\/p>\n<h3><b>Which hardware wallet can I use to store USDC &amp; USDC on the Optimism network?<\/b><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-13195\" src=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/Ledger-USDC-and-USDC.e.jpg\" alt=\"\" width=\"400\" height=\"465\" srcset=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/Ledger-USDC-and-USDC.e.jpg 600w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/Ledger-USDC-and-USDC.e-258x300.jpg 258w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/08\/Ledger-USDC-and-USDC.e-361x420.jpg 361w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The Optimism network and assets on the Optimism network such as USDC and USDC.e are natively supported by Ledger Live.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BitcoinVN Shop serves as the<\/span><a href=\"https:\/\/bitcoinvn.io\/shop\/product-category\/ledger\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> official supplier of Ledger Hardware wallets in Vietnam<\/span><\/a><span style=\"font-weight: 400;\"> with same-day delivery within Ho Chi Minh City.<\/span><\/p>\n<h3><b>How to buy USDC on Optimism in Vietnam<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If you\u2019re already using BitcoinVN, adding USDC or USDC.e on Optimism to your portfolio is simple.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just head over to our platform, select the <\/span><a href=\"https:\/\/bitcoinvn.io\/?deposit=vnd&amp;settle=usdcoptimism2\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Optimism network when depositing or withdrawing<\/span><\/a><span style=\"font-weight: 400;\"> USDC, and start building up your profile to gain lower trade fees and other benefits.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At BitcoinVN, Vietnam\u2019s premier Bitcoin &amp; Cryptocurrency Exchange, we\u2019re excited to announce our latest addition to the platform: full support for USDC and USDC.e on the Optimism network.\u00a0 \u00a0\u00a0Why Optimism? Optimism is a Layer 2 scaling solution for Ethereum, designed to significantly reduce transaction fees and improve transaction speeds, all while maintaining the security and [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":13198,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10573],"tags":[],"class_list":["post-13194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bottom-section"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitcoinVN now supports USDC and USDC.e on the Optimism<\/title>\n<meta name=\"description\" content=\"BitcoinVN excited to announce our latest addition to the platform: full support for USDC and USDC.e on the Optimism network.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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