Movement Bridged USDC (Movement)Price

(USDC.E)

USDC.e is the bridged version of Circle’s USDC on the Movement Network. While native USDC is issued directly by Circle, USDC.e is created by locking native USDC on Ethereum and minting an equivalent amount on Movement. Currently, the Movement Network utilizes this bridged version via its canonical bridge infrastructure until native support is established. This allows users to interact with stablecoin liquidity within the modular Movement ecosystem while maintaining the value of the underlying asset.

The verified contract address for Movement Bridged USDC (usdc.e) on the Mainnet is 0x83121c9f9b0527d1f056e21a950d6bf3b9e9e2e8353d0e95ccea726713cbea39. To view your balance in a compatible wallet or the LBank App, you must select the Movement Network and manually add this contract address using the 'Import Tokens' feature. Always ensure you are using the correct network and verified address to avoid the loss of funds.

Users can transfer USDC from Ethereum to Movement using the official bridging infrastructure. While bridging to the Movement Network is typically fast, taking approximately 30 minutes, bridging assets back to Ethereum involves a challenge period for security and finality verification. This withdrawal process currently takes between 3 to 5 days before assets are released on the Layer 1. Users should plan their liquidity needs accordingly when moving assets between networks.

While you do not need MOVE to receive bridged usdc.e, the Movement Network requires the native MOVE token to pay for transaction fees, also known as gas. Any on-chain action involving usdc.e, such as swapping for other tokens, providing liquidity, or transferring funds, requires MOVE to execute. New users often acquire MOVE through decentralized exchanges or platforms like LBank to ensure they can interact with their bridged stablecoins without getting stuck.

Movement Bridged USDC is a core utility asset for the network's DeFi ecosystem. It is primarily used for swapping into the native MOVE token, providing liquidity in trading pools, and participating in various decentralized applications. Furthermore, active participation in the ecosystem using usdc.e, such as engaging in DeFi protocols, is often a key metric for users looking to qualify for potential community rewards or ecosystem-wide incentives during the network's early phases.

The security of usdc.e depends on the underlying canonical bridge infrastructure, which utilizes LayerZero technology. Because usdc.e is a bridged asset, its value is backed by the native USDC locked in smart contracts on the Ethereum blockchain. The network employs specific security protocols and a multi-day challenge period for withdrawals to ensure transaction finality. Users should be aware that the safety of usdc.e is inherently tied to the integrity and security of these bridge smart contracts.