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Circle, the issuer of USDC, the second-largest stablecoin by market capitalization, has made a significant move by launching USDC natively on Polkadot, a Layer 0 network created by Ethereum co-founder
In a bid to increase its market share, Circle has announced the launch of USDC on Polkadot.
Circle has launched the native version of USDC in the Polkadot ecosystem of parachains, further expanding the reach and use cases of the dollar-backed stablecoin. Polkadot builder Parity Technologies CFO Fahmi Syed discusses the rollout and also shares insights into institutional interest and activity in Polkadot.
Bitcoin and other cryptocurrencies are likely to witness a pick up in volatility following the Fed's rate decision on Sep. 20.
Circle announced new Polkadot integration for USDC's versatility, expanding accessibility across cryptocurrency networks.
In a groundbreaking development, Polkadot, the innovative blockchain platform, has ushered in a new era of possibilities by integrating USDC (USD Coin) into its Asset Hub. This integration eliminates the need for bridges and empowers parachains to seamlessly access the renowned stablecoin, opening doors to enhanced liquidity and convenience within the Polkadot ecosystem.
Circle emphasized that Circle Account and Circle APIs will exclusively facilitate the use of Polkadot USDC, natively issued within the Polkadot Asset Hub.
The newly launched Polkadot USDC is natively issued on the Polkadot hub, simplifying the process for users to transfer funds to parachains through the XCM protocol.
USDC, the second largest stablecoin after UDST, continues to expand across different blockchains following its launch on Polkadot. The move was officially announced by USDC's issuer, Circle, and mentioned that it would be immediately available for developers and users. The stablecoin can be transferred to parachains in Polkadot via the XCM protocol using the Circle account along with Circle APIs. Polkadot USDC is natively issued on Polkadot Asset Hub in the Polkadot ecosystem.
Circle, the issuer of the USDC stablecoin, has extended its reach by launching on the Polkadot network. This development not only amplifies the stablecoin's interoperability but also provides Polkadot's ecosystem with a robust financial tool.
USDC (CRYPTO: USDC) is now on Polkadot. What Happened: The stablecoin can be transferred to parachains in Polkadot through the XCM protocol using Circle Account and Circle APIs.
Polkadot, a network that facilitates interoperability among multiple blockchains, announced the integration of USD Coin (USDC) into its Asset Hub. According to a Tuesday announcement, the addition of USDC, which is a stablecoin pegged 1:1 to the U.S. dollar, aims to bolster liquidity and provide easier institutional access to Polkadot's ecosystem.
Circle, the issuer of USDC, has announced the official launch of USD Coin on the Polkadot network as of Sept. 19.
Circle has deployed USDC in the Polkadot ecosystem of parachains, further expanding the native availability of the dollar-backed stablecoin.
Circle, the issuer of the popular USDC stablecoin, has unveiled its latest move in the crypto market by integrating Polkadot USDC into the Polkadot network. This strategic development allows both developers and users on the Polkadot network to easily access Polkadot USDC and conduct seamless transfers to parachains via the XCM protocol.
Polkadot USDC users should not deposit XCM-transferred USDC from non-Polkadot Asset Hub parachains, Circle has warned.
Canto, a Cosmos-based blockchain, and Astar, a leading Polkadot chain, have both announced that they will be moving to Ethereum as Layer-2 solutions.
The digital community of PolkaWorld has paused its activities following the refusal of a funding request from Polkadots treasury. This recent decision stirred conversations about the challenges faced by entities seeking funds from the treasury.
In the realm of crafting content, three vital elements come into play: “perplexity,” “burstiness,” and “predictability.
Despite facing headwinds in 2023, Polkadot experienced a remarkable 25.6% surge in revenue variation, offering hope for its market position.
At the center of the controversy is a new structure that grants every token holder a vote.
PolkaWorld, the Chinese community for Polkadot, has halted operations for the first time in four years due to the rejection of its proposal for its #OpenGov initiative. The decentralization of Polkadot's governance and treasury management have led to long-term contributors and organizations leaving the ecosystem.
PolkaWorld preferred the previous governance system — where a council elected by Polkadot DOT holders evaluated proposals. It was more effective and should be incorporated into the current OpenGov model, the community claims.
Polkadot's recovery hit a range-low and could falter unless Bitcoin traverses this path.
