The PlatON Cross-Chain Bridge will undergo an upgrade for the USDT and USDC contracts on the PlatON network on June 5th. During the upgrade, all cross-chain functionalities will be temporarily suspended, and services are expected to resume at 18:00 (UTC+8) on June 5th.
Following the upgrade, the PlatON Cross-Chain Bridge will support cross-chain deposit and withdrawal functionalities for USDT and USDC contracts that conform to the PRC-12 standard. Deposits to the pre-upgrade USDT and USDC contracts will be discontinued, while withdrawal functionalities will be retained.
Update Time: 6:00–10:00 on June 5, 2023 (UTC)
Features of the Upgraded Contract:
The PRC-12 standard stablecoin contract will be upgraded on the PlatON network
- Gasless payments and authorization
- One-click payment
- Account abstraction contract wallets can sign and call new stablecoin contracts, such as Argent, Safe, and Unipass.
The address of the upgraded PRC-12 stablecoin contract:
- USD Coin:
0xdA396A3C7FC762643f658B47228CD51De6cE936d - Tether USD:
0xeac734fb7581D8eB2CE4949B0896FC4E76769509
Users who held USDT and USDC before the upgrade can exchange the cryptos through the following two ways:
1) The Withdraw fee for the original USDT and USDC will be reduced, and users can withdraw them to the native network through the Withdraw function.
2) PlatON Cross-chain Bridge will launch an exchange channel recently. Then users who held USDT and USDC before the upgrade can exchange them at a 1:1 ratio for the upgraded USDT and USDC through the exchange function.
We apologize for any inconvenience caused by this update and appreciate your understanding and support.
PlatON Cross-chain Bridge: https://bridge.platon.network/bridge?type=Deposit
This article is reproduced from https://platon-network.medium.com/announcement-on-platon-cross-chain-bridge-update-14feda0c973f
