On April 5, 2024, we launched Fantom’s canonical stablecoin, USDC.e, supported by Circle and Wormhole.
USDC.e on Wormhole is bridged from native USDC, located in a smart contract on Ethereum, and holds the potential to be upgraded to native USDC in the future by Circle. It’s the official, endorsed stablecoin of the Fantom ecosystem (and all future network upgrades), referred to as the canonical stablecoin.
This complete guide will be updated regularly and provides an overview of the dApps on which you can use USDC.e to provide liquidity. If your DeFi application offers an USDC.e opportunity, please reach out to have it included below.
Bridge to USDC.e on Fantom
Use the Wormhole Portal Bridge to bridge USDC.e to Fantom. Select Ethereum/USDC and Fantom/USDC.e in the two boxes.
Remember, it's only possible to bridge USDC from Ethereum to get USDC.e on Fantom. Verify all the details thoroughly in your wallet before confirming.
For reference, the USDC.e contract address on Fantom is 0x2F733095B80A04b38b0D10cC884524a3d09b836a.
Decentralized Exchanges
Decentralized exchanges enable users to swap between assets seamlessly. By providing liquidity to trading pairs, you can earn trading fees and other rewards whenever users swap between assets using the pool to which you’ve added liquidity.
Beethoven X
axlUSDC - lzUSDC - USDC.e
sFTMx - USDC.e
Equalizer Exchange
axlUSDC - USDC.e
lzUSDC - USDC.e
EQUAL - USDC.e
TREEB - USDC.e
SpiritSwap
axlUSDC - USDC.e
lzUSDC - USDC.e
WigoSwap
FTM - USDC.e
Lending Platforms
Decentralized lending and borrowing platforms enable users to lend and borrow assets without the need for banks or other intermediaries. By providing liquidity on these platforms, you can earn an APR, paid by the users who borrow your deposited funds.
Polter Finance
USDC.e
Fantom Money Market
USDC.e
Liquidity From the Fantom Foundation
The Fantom Foundation has provided an initial liquidity boost to the USDC.e trading pairs on Beethoven X and Equalizer Exchange. Since the USDC.e contract can be upgraded to native USDC by Circle, the Foundation has supplied liquidity to these pairs to consolidate liquidity into our new canonical stablecoin, anticipating its potential upgrade.
We’ll increase liquidity support for the USDC.e trading pairs on DEXs as required to ensure its ongoing and smooth operation.
