The Second Largest Stablecoin Will Be Used On The Stellar Network
USD Coin (USDC) has been officially launched on the Stellar network.
The Second Largest Stablecoin Will Be Used On The Stellar Network.
USD Coin (USDC) has been officially launched on the Stellar network. USD Coin (USDC) is currently officially available on the Stellar network, according to a joint press release published by Circle and the Stellar Development Foundation, the second largest stablecoin issuer.
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
The new version of the dollar- pegged cryptocurrency was first announced in mid-October. Circle CEO Jeremy Allaire claims that Stellar creates “next-generation financial applications”:
“Stellar helps transform international payments with the latest technology and fast growing ecosystem of businesses and developers creating next-generation financial applications.”
XLM has gained over 30% in the last 7 days. Stellar (XLM) and USDC are currently ranked 11th and 12th respectively on the crypto ranking site CoinMarketCap .