DeFi protocol Moonwell launches cross-chain lending tool "USDC Anywhere"

Moonwell, an open DeFi lending protocol, launched a tool called "USDC Anywhere", which allows individuals to borrow Circle's USDC stablecoin from Moonwell through various Ethereum networks. This tool supports detecting USDC in users' wallets on networks such as Arbitrum, Avalanche, Base, Ethereum, Optimism, and Polygon, and uses Circle's cross-chain protocol to transfer stablecoins to the platform without the need for manual asset bridging, allowing users to send USDC in the Ethereum ecosystem using digital assets on Moonwell. USDC Anywhere is supported by Circle's CCTP and Socket.