{"id":12234,"date":"2024-02-15T09:30:22","date_gmt":"2024-02-15T09:30:22","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=12234"},"modified":"2024-02-15T09:56:20","modified_gmt":"2024-02-15T09:56:20","slug":"moonwell-will-enable-usdc-loans","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/moonwell-will-enable-usdc-loans\/","title":{"rendered":"Moonwell Will Enable USDC Loans!"},"content":{"rendered":"

Moonwell, a decentralized borrowing and lending protocol, enables the interchain lending of Circle’s USDC stablecoin from Ethereum networks to Moonwell with a tool called USDC Anywhere<\/strong>.<\/p>\n

Moonwell<\/strong> can detect USDC in many users’ wallets on Arbitrum<\/strong>, Avalanche, Base, Ethereum, Optimism<\/strong>, and Polygon<\/strong> by using Circle’s inter-chain protocol to transfer the stablecoin to the platform.<\/p>\n

According to the company’s announcement, this move eliminates the need for manually bridging between assets and allows users to send USDC<\/strong> across the Ethereum ecosystem using their digital assets on Moonwell<\/strong>.<\/p>\n

In a statement, the company wrote, “Base<\/strong><\/a> serves as a liquidity center for this feature, combining the strong security of Ethereum’s main network with the affordability and agility of modern Layer 2 solutions.”<\/p>\n

“Coinbase also made it easier to buy USDC<\/strong> on their centralized exchanges, offering free transfers in and out of Base, and free conversions to USD<\/strong>,” it added.<\/p>\n

The company uses the Socket interoperability protocol to process the gas of a user’s funds before they reach the new network along with USDC Anywhere.<\/p>\n

Who is Moonwell?<\/h2>\n

Moonwell<\/strong> uses the tested code from Moonwell Apollo protocol to provide an open, unattended borrowing and lending DeFi protocol. Apollo is a community-focused protocol with innovative features. Users maintain the same level of security but face faster transaction times.<\/p>\n

\n

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong><\/a>,\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Moonwell, a decentralized borrowing and lending protocol, enables the interchain lending of Circle’s USDC stablecoin from Ethereum networks to Moonwell with a tool called USDC Anywhere. Moonwell can detect USDC in many users’ wallets on Arbitrum, Avalanche, Base, Ethereum, Optimism, and Polygon by using Circle’s inter-chain protocol to transfer the stablecoin to the platform. According<\/p>\n","protected":false},"author":6,"featured_media":12233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[4382],"class_list":["post-12234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-project-review","tag-moonwell"],"yoast_head":"\nMoonwell Will Enable USDC Loans! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Moonwell enables the interchain lending of Circle's USDC stablecoin from Ethereum networks to Moonwell with a tool called USDC Anywhere.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/moonwell-will-enable-usdc-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moonwell Will Enable USDC Loans! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Moonwell enables the interchain lending of Circle's USDC stablecoin from Ethereum networks to Moonwell with a tool called USDC Anywhere.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/moonwell-will-enable-usdc-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-15T09:30:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-15T09:56:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/tempory-31.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/moonwell-will-enable-usdc-loans\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/moonwell-will-enable-usdc-loans\/\",\"name\":\"Moonwell Will Enable USDC Loans! 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