Is usdc live on Icp?

I keep seeing ppl saying it is in YouTube comments etc… but I can’t find anything

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ckUSDC which is a digital twin of USDC is now available on ICP. More info here.

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Thanks for the reply, did that just happen or awhile ago? sorry I’m new!

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It launched on ICP mainnet last week!

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By digital twin you mean its a wrapped erc20 token?

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With the way that chain key technology works I wouldn’t quite call it a wrap of the other token. Hence the term twin.

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Exactly, thank you @ckMood.

We don’t call them wrapped, because there is no centralized middleman when converting between one token and another. Converting from USDC and ckUSDC is completely on-chain and permissionless.

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Afaik ckUSDC is not real USDC, just a copy of it issued by custodial subnet, which in turn is governed by NNS - A single point of failure. Its a wrapped token.

The term digital twin implies there’s a physical coin of USDC, like how Origyn used to describe their AI fingerprint NFTs of physical luxury goods, example: a Watch.

In the simplest terms, ckUSDC is an ICRC token, which is a wrapped version of ERC20 USDC token custodied by ICP subnet with chain key?

just semantics maybe

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On the roadmap there’s also a box that talks about native USDC coming to ICP:


Source: Roadmap | Internet Computer (in “chain fusion” section)

At first I thought that was just referring to ckUSDC but that’s already live while the box in the picture is listed under “future features” section. :rocket: :rocket:

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I think it’s worth noting the difference between typical bridges vs. chain key technology. While ckUSDC is hosted on the IC using its own token standard which is a sort of jacketed version an ERC20 token standard, it is a fundamental difference from typical bridges and custodial means of wrapping tokens.

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I’ve learned a lot, thanks for all the replies, looking forward to native usdc on IC :metal: