Internet Computer Introduces ckUSDC Sepolia, a USDC Replica in ckERC20 Token Standard

• Internet Computer (ICP) mainnet upgrades its testing version of the ckETH minter, featuring the Sepolia version of the USDC token.
• Users can now obtain Sepolia ETH and USDC from various online faucets and deposit them to mint ckETH and ckUSDC respectively.
• While ckETH is not required to deposit USDC, it is necessary for withdrawing ckUSDC and receiving USDC back.

Internet Computer (ICP) mainnet has launched ckUSDC Sepolia, a USDC replica in the ckERC20 token standard. This development allows users to engage with Sepolia ETH and USDC tokens, marking a significant step in the crypto space.

Internet Computer’s ckETH Not Required for USDC Deposit

The upgraded version of the ckETH minter on the Internet Computer mainnet now features the Sepolia version of the USDC token. Users can obtain Sepolia ETH and USDC from various online faucets and deposit them to mint ckETH and ckUSDC, respectively. It’s crucial to note that while ckETH is not required to deposit USDC, it is necessary for withdrawing ckUSDC and receiving USDC back. A portion of the ckSepoliaETH will be used by the minter canister to cover transfer transactions on the Sepolia testnet.

Developers Encouraged to Support Conversions Between ERC20 and ck-Twin Token

Developers interested in supporting conversions between ERC20 and the corresponding ck-twin token in their dapps are encouraged to start experimenting with ckUSDC. The project is still in development, and users may encounter bugs. The canister’s state may reset upon upgrades. However, the team behind the project is committed to improving the system based on user feedback. Currently, there is no user-friendly front-end available, so users should be comfortable using dfx calls, especially for the final step.

Conclusion

The launch of ckUSDC Sepolia on the Internet Computer mainnet marks a significant step forward in the crypto space. This development not only provides users with more options for engaging with crypto tokens but also encourages developers to support conversions between ERC20 and the corresponding ck-twin token in their dapps. As the project continues to evolve, it is expected to bring about more advancements in the future.