Bridged USDC
Networks
Supported exchanges
About the coin
Bridged USDC, symbolized as MATICUSDCE, is a digital asset operating on the Polygon PoS network. It is identified by the contract address 0x2791bca1f2de4661ed88a30c99a7a9449aa84174.
This token adheres to the ERC-20 standard, a widely adopted protocol for fungible tokens on the Ethereum blockchain, which Polygon PoS is compatible with.
The token has 18 decimal places, a common characteristic for many ERC-20 tokens, influencing how its value is represented and divided.
Bridged USDC is currently active, indicating its ongoing operation and availability within the blockchain ecosystem.
It is important to note that Bridged USDC is not classified as a stablecoin. This distinction suggests that its value may not be pegged to a specific fiat currency or other stable asset, and could be subject to market fluctuations.
The presence of 'Bridged' in its name implies that this token may have originated on another blockchain and has been transferred or 'bridged' to the Polygon PoS network. This process typically involves smart contracts that lock the original asset on one chain and mint an equivalent representation on another.
The Polygon PoS chain is a Layer-2 scaling solution for Ethereum, designed to offer faster transaction speeds and lower fees compared to the main Ethereum network. Tokens operating on this chain benefit from these characteristics.
The ERC-20 token standard facilitates a wide range of functionalities, including transferability, divisibility, and integration with decentralized applications (dApps), exchanges, and wallets that support the standard.
The contract address serves as a unique identifier for Bridged USDC on the Polygon PoS blockchain, allowing users to verify transactions and interact with the token through blockchain explorers.
Understanding the token standard and the underlying blockchain is crucial for users interacting with MATICUSDCE. The ERC-20 standard ensures a level of interoperability with many existing blockchain tools and platforms.
The active status of the token means that it can be traded, transferred, and utilized within the Polygon ecosystem, subject to the rules and limitations of the network and any associated smart contracts.
The classification of MATICUSDCE as not a stablecoin is a key piece of information for potential users, highlighting the need for due diligence regarding its price volatility and risk profile.
The bridging mechanism, while enabling cross-chain functionality, also introduces considerations related to the security and reliability of the bridging protocols themselves.
In summary, Bridged USDC (MATICUSDCE) is an ERC-20 token on Polygon PoS that, while not a stablecoin, is actively operating and accessible via its contract address. Its bridged nature and operation on a Layer-2 solution are defining characteristics.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are maintained from the current Gygaz market dataset for this asset.
About Gygaz: Gygaz is a crypto transfer intelligence project focused on exchanges, assets and networks. We structure routing, support and market context so users can compare how crypto moves between platforms.