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About StarkGate Bridged USDC (Starknet)
Analysis of 16 Feb 2026StarkGate Bridged USDC (USDC.e) is USDC transferred from Ethereum to Starknet via the StarkGate bridge, maintaining a 1:1 peg with USD through Circle reserves. As of February 2026, it holds 150 million circulating supply with $145.55 million market cap, representing the legacy bridged version.
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Following native USDC launch via CCTP in December 2025, USDC.e faces migration pressure as users convert to the more secure native version through the official 1:1 portal. The bridged version serves Starknet DeFi ecosystem, which reached record $248 million total stablecoin market cap in early 2026.
However, network reliability concerns emerged after a 4-hour mainnet outage on January 5, 2026, the second major incident in four months, raising questions about L2 liveness dependency.
