Thursday, January 20, 2022
Home Crypto News Market Circle Stable Coin, USD Coin (USDC) Now Available On Avalanche Blockchain

Circle Stable Coin, USD Coin (USDC) Now Available On Avalanche Blockchain

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Circle has announced the release of its stable coin USD Coin (USDC), on the Avalanche blockchain.



Jeremy Allaire, CEO, and Co-founder of Circle said this integration will help developers and the community for the further development of the decentralized finance sector, and lower user costs and simplify digital asset transactions:

“Support for USDC on Avalanche comes at an exciting and pivotal moment for the growing, multi-billion dollar DeFi market, With USDC as the leading dollar digital currency for the decentralized economy, this integration will be instrumental for developers and communities looking to participate in one of the fastest, organically growing ecosystems in crypto.”


Ava Labs President John Woo noted that physical fiat currency is gradually becoming a thing of the past, and the COVID-19 pandemic is accelerating the process of digital payments.

“Physical fiat currency is increasingly becoming a relic of the past — a trend which the COVID-19 pandemic has accelerated, A fundamental restructuring of legacy payments and financial infrastructure is not only warranted but overdue. Together, Avalanche and Circle will pioneer solutions to these systemic challenges.”

Avalanche was recently recognized as a net-zero carbon output blockchain at the United Nations (UN) COP26 conference, heralding a radical new era of eco-friendly, sustainable, net-zero digital transactions.

Avalanche is the seventh blockchain in the USDC family. USDC already operates on Ethereum, Algorand, Stellar, Solana, Tron, and Hedera Hashgraph networks.

In December, crypto-friendly remote recruiting company Deel added support for Solana and USDC.

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Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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