Popular stablecoin USDC has moved to the Stellar blockchain
USDC stablecoin launched in Stellar ecosystem
Earlier USDC support was added by Visa payment system
Transactions from USDC to Stellar should become more fast and cheap, than on Ethereum
International consortium news organizations, developing transparency standards.
Stellar Development Foundation (SDF) and Circle announced the migration of one of the largest stablecoins – USDC – to the Stellar ecosystem.
On Tuesday, the Stellar Development Foundation (SDF) project announced on its blog that the USDC is now, one of the world’s most popular stablecoins, will be available users decentralized exchanges Stellar and Stellar-enabled wallets.
New registration address
Fintech company Circle behind the development of the USDC stablecoin, considered project, which the coexists peacefully with regulators. Perhaps this is one of the reasons why USDC is an now one of the largest stablecoins by market capitalization.
Previously most transactions with USDC were carried out based on the Ethereum blockchain. Now the same USDC became available for various transactions and trading through six trading pairs in the Stellar blockchain ecosystem, which includes about 9,000 different assets.
Circle’s dedicated free APIs will enable Stellar’s integration with USDC. These interfaces will allow you to make and receive payments, make programmable payments and create marketplaces..
We and @circlepay are excited to announce that Stellar USDC is now live and immediately available on Stellar’s decentralized exchange, accessible to any Stellar account through integrated wallets, and tradable across Stellar’s ecosystem! https://t.co/jeARyW3Hhv
– Stellar (@StellarOrg) February 2, 2021
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Similar plans to integrate SDF and Circle announced yet in October 2020 of the year. It was assumed that the launch of USDC on blockchain Stellar will enable a stablecoin issuer to ease its dependence on Ethereum.
Let’s help each other
Number in circulation tokens USDC doubled after Togo, how payment giant Visa added support transactions with USDC to your payment system. Overall for last year USDC market capitalization increased by 1,000+%.
In an interview with Forbes, Stellar Development Foundation spokesperson Denelle Dixon emphasized Stellar’s need for a strong and stable asset to make fast cross-border payments..
“This integration will give impetus to the growth of the Stellar ecosystem and allow the project to move closer his goals – creating equals for of all conditions for access to the global financial system. Also this provides ample business opportunity for companies, which may take advantage of USDC and Stellar “.
For his part, Circle CEO Jeremy Aller noted:
“Stellar creates new generation financial applications. Such reliable and transparent dollar stablecoins – literally translated from English “stable” coins – continue to gain popularity in the market digital assets. WITH… More, like USDC, available for various transactions on market and through the Circle APIs, will speed up the pace and the scale of development of these innovations “.
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