USD Coin Bridged ZED20

USD Coin Bridged ZED20 (USDC.z) is a bridged version of USD Coin (USDC) on the ZetaChain network. It is a stablecoin that aims to maintain a 1:1 peg with the US Dollar through the ZetaChain bridge infrastructure.

Purpose and Utility: USDC.z serves as a bridged stablecoin that enables cross-chain transactions and provides stability in the ZetaChain ecosystem. The primary utility is facilitating transactions and trades within the ZetaChain network while maintaining the stable value proposition of USDC.

Business Model: The token operates as part of ZetaChain's cross-chain infrastructure, allowing users to move USDC across different blockchain networks. The business model is based on providing liquidity and transaction capabilities within the ZetaChain ecosystem.

Real-World Adoption: As a relatively new bridged token, USDC.z is primarily used within the ZetaChain ecosystem for trading and liquidity provision. The adoption is currently limited to the ZetaChain network users.

Token Distribution and Development: USDC.z is a bridged representation of USDC, meaning its supply is directly tied to the amount of USDC locked in the bridge contract. The development activity is tied to the ZetaChain bridge infrastructure maintenance and updates.