Blockchain gaming ecosystem Oasys has announced a strategic partnership with the non-custodial asset bridge provider, Celer Network.
This collaboration is a major move in the push to enhance digital asset interoperability, and will inaugurate support for the Bridged USDC Standard on the Oasys blockchain. It will subsequently improve the utility and adoption of stablecoin assets in the gaming and blockchain sectors as well.
Oasys To Implement the Bridged USDC Standard
Developed by the global fintech firm Circle Internet Financial (Circle), the Bridged USDC standard aims to enable a seamless upgrade path from bridged USDC to native USDC for eligible blockchain networks in the future.
Given the fact that USDC is the largest regulated US dollar-backed stablecoin, the crypto’s integration into new chains could accelerate the adoption of dollar-denominated payments.
Through its partnership with Celer, developers and users within the Oasys ecosystem will gain access to a new deployment of bridged USDC which also adheres to Circle’s standard.
Effective immediately, this new bridged USDC will be recognized as Bridged USDC (Celer). It will trade under the ticker symbol USDC.e, and be backed 1:1 by USDC locked in Ethereum-based smart contracts.
Developers and users will have a full year to swap their legacy bridged USDC (USDC.e-legacy) to the new USDC.e token. Alternatively, they will also be able to un-bridge it back to Ethereum during this window. For more information, developers and users can refer to the Oasys blog. They can also find detailed instructions on the swapping and bridging process.
About Oasis and Celer
Oasys is a blockchain video gaming platform dedicated to empowering gamers and developers. On a mission to become the global standard for blockchain gaming, Oasys aims to deliver real value for gamers within the blockchain universe. Combining the best of public and private blockchain technologies, Oasys offers a seamless, speedy, and zero-gas-fee blockchain gaming experience.
Celer, on the other hand, is a blockchain interoperability protocol that enables a one-click user experience for accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions, and more across multiple chains.
By building inter-chain-native dApps using the Celer Inter-chain Message SDK, developers can benefit from efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps also enjoy the advantages of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction user experience, all from a single chain.
