Circle announces USDC stablecoin is now available on Polkadot Asset Hub
Circle, the issuer of USDC, has announced the official launch of USD Coin on the Polkadot network as of Sept. 19.
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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.
The implications of this integration are profound, as it marks a significant expansion of Circle's commitment to making USDC more accessible and versatile across different blockchain ecosystems. This decision goes beyond the conventional Ethereum Virtual Machine (EVM) blockchain support and demonstrates Circle's dedication to embracing innovation in the blockchain space.
In a surprising turn of events, the USDC stablecoin has achieved unprecedented levels of success, with its total circulation reaching an astounding $26 billion as of September 7th. This remarkable surge in popularity underscores the increasing trust and utility of this digital currency in the ever-evolving cryptocurrency landscape.
Key Points: Circle has made significant moves in the cryptocurrency market by issuing and repurchasing a substantial amount of USDC over the past week. These actions have resulted in an increase in USDC circulation by $100 million.
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The recent partnership between Circle, the issuer of the USDC stablecoin, and the NEAR Foundation offers a compelling snapshot of the rapidly evolving crypto landscape. By introducing native USDC stablecoins on the NEAR blockchain, this alliance effectively ushers in a new era of financial flexibility.
The second-largest stablecoin by market cap, USD Coin (USDC), is now available natively on the Ethereum (ETH) competitor NEAR Protocol (NEAR). In addition to NEAR, USDC is also available natively on Algorand (ALGO), Arbitrum ( ARB), Avalanche (AVAX), Base, Ethereum, Flow, Hedera (HBAR), Noble, Optimism (OP), Solana (SOL), Stellar (XLM), and Tron (TRX).
In a significant move, Circle has integrated native USDC liquidity into the NEAR protocol ecosystem, revolutionizing digital finance.
In a groundbreaking development, software developers now have the power to leverage the NEAR blockchain's lightning-fast speed and unparalleled scalability to craft lightning-fast, user-friendly applications using USDC (USD Coin). With support for widely-used programming languages like JavaScript and Rust, this integration opens up a world of possibilities.
FinTech company and issuer of USD Coin (CRYPTO: USDC), Circle introduced the native stablecoin liquidity access on the Layer-1 Blockchain NEAR (CRYPTO: NEAR) protocol ecosystem. Circle has officially issued Native USDC and is always redeemable 1:1 for U.S. dollars.
Effective today, users of USDC sablecoin can natively send and receive it for personal and corporate usage. Circle yet again expands its range of blockchains for USDC by a non-EVM blockchain.
Fintech firm and USDC issuer Circle announced stablecoin liquidity access on the NEAR protocol blockchain. Users can capitalize on NEAR's enhanced scalability and speed to build user-friendly apps with USD Coin using known programming languages such as Rust and JavaScript.
Circle, a prominent stablecoin company, has made a significant announcement regarding its USD Coin (USDC) cryptocurrency. USDC is a stablecoin, and Circle has revealed that it is now natively available on the NEAR blockchain.
Financial technology company Circle, the issuer of USD Coin (USDC), announced the native stablecoin liquidity access on the NEAR protocol ecosystem. The USDC NEAR access can be gained from Circle Account and Circle APIs, the company announced on Wednesday.
As the list of Web3 players is growing, the Kresus crypto SuperApp has extended its crypto cash-out service, allowing users to off-ramp at 0% fees when they withdraw USDC through integrating with Coinflow Labs. On- and off-ramp processes are one of the weak links connecting the crypto economy to the broader financial system.
Kresus collaborates with Coinflow to offer a groundbreaking USDC off-ramp, allowing users to withdraw up to $100K without fees.
Crypto lending firm Ledn announced on Sept. 12 that its interest-bearing Growth Accounts now support both of the crypto market's leading stablecoins.
In a world where financial stability is a prized commodity, the USD Coin (USDC) stands out as a beacon of security and liquidity. As the cryptocurrency market continues to witness its fair share of turbulence, Gordon Liao, Chief Economist at Circle, the company behind USDC, delivered an insightful revelation during a recent webinar.
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Kresus and Coinflow Labs introduce a USDC off-ramp service, offering crypto conversions with no associated fees.
Qredo has taken a significant step towards addressing the challenges of gas fees in the blockchain space by integrating Circle's USDC stablecoin and unveiling the CIRCLE USDC toolkit.
