Blockchain, Circle’s USDC, Stablecoin, Stellar Blockchain, Stellar network, usd coin, USDC

Circle and the Stellar Development Foundation (SDF) announced that the second-biggest stablecoin is now available within their network. USD Coin (USDC) is accessible through five integrated wallets, and it can be tradeable on their ecosystem, said the USDC issuer.

Stellar Has Been the Official Chain of USDC Since October 2020

Per the announcement, the stablecoin is available in any Stellar (XLM) account through Lobstr, Solar, Stellarport, Stellarx, and Stellarterm wallets. Moreover, people could trade USDC across an ecosystem that has over 9,000 assets.

In October 2020, the SDF and the Centre Consortium — co-founded by Circle and crypto exchange Coinbase — announced Stellar as the official chain of USDC.

Thanks to Circle Account and its API services, both businesses and developers can access Stellar USDC via one-single integration. With a Circle’s account, companies can attach their bank accounts to mint, redeem, store, send, and receive Stellar USDC.

Jeremy Allaire, Circle’s CEO and chairman, commented about picking Stellar to pursue the expansion of the stablecoin on Stellar:

Denelle Dixon, CEO and executive director of the SDF, pointed out that Stellar’s design for cross-border payments and tokenization is compatible with Circle’s expectations with USD Coin.

Stellar Foundation’s Recent Moves

According to the latest markets.Bitcoin.com data, XLM is trading at $0.3442, up 1.66% as of press time. Also, USDC is exchanging hands at $0.9992, down 0.17%. Both cryptos are ranked in the 11th and 12th places, respectively.

The Stellar Development Foundation has been witnessing significant moves within its network. Early in January, the Ministry of Digital Transformation of Ukraine picked the SDF to develop its central bank digital currency project (CBDC).

What do you think about this announcement? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

Topps Garbage Pail Kids Blockchain Collectibles Can Be Found at Target and Walmart

The popular trading card company Topps has just launched the “2021 Garbage Pail Kids Food Fight†series today, and the trading card packs are being sold at Target and Walmart stores. Not only will the Garbage Pail Kids (GPK) series provide people with collectible cardboard trading cards, Topps has also inserted blockchain-based rare code cards, […]

Xem chi tiết: Topps Garbage Pail Kids Blockchain Collectibles Can Be Found at Target and Walmart

xSigma Passes Security Audit and Prepares to Launch Stablecoin DEX With LP Rewards

press release PRESS RELEASE. February 24, 2021 – xSigma, a decentralized exchange for stablecoin swaps, has announced details of its launch program. The DEX, which supports liquid swaps between stablecoin pairs, will go live on February 24, having passed a third-party security audit. Blockchain security company Hacken audited the xSigma smart contracts and found no […]

Xem chi tiết: xSigma Passes Security Audit and Prepares to Launch Stablecoin DEX With LP Rewards

Topps Garbage Pail Kids Blockchain Collectibles Can Be Found at Target and Walmart

The popular trading card company Topps has just launched the “2021 Garbage Pail Kids Food Fight†series today, and the trading card packs are being sold at Target and Walmart stores. Not only will the Garbage Pail Kids (GPK) series provide people with collectible cardboard trading cards, Topps has also inserted blockchain-based rare code cards, […]

Xem chi tiết: Topps Garbage Pail Kids Blockchain Collectibles Can Be Found at Target and Walmart

Chinese Tea Retailer Joins the Crypto Mining Industry After Hiring Two Roles to Lead Its ‘Bitcoin Business Plan’

A Chinese tea retailer is looking to make its inception into the bitcoin mining business. Publicly-listed Urban Tea announced the expansion of its operations by appointing two executives to pursue its crypto plans. Urban Tea Praises Cryptocurrencies’ Widespread Popularity Per the announcement, Urban Tea Inc. hired Fengdan Zhou as the company’s new chief operating officer […]

Xem chi tiết: Chinese Tea Retailer Joins the Crypto Mining Industry After Hiring Two Roles to Lead Its ‘Bitcoin Business Plan’

Binance Coin Topples USDT to Become the Number Three Crypto After a 300% Price Surge

The Binance token has toppled the stablecoin Tether to become the third-largest crypto asset by market capitalization. After starting the month of February a little under $50, the token had raced past the $250 mark on February 19. At the time of writing the token is fluctuating around its all-time high (ATH) and stood at […]

Xem chi tiết: Binance Coin Topples USDT to Become the Number Three Crypto After a 300% Price Surge

Binance Coin Topples USDT to Become the Number Three Crypto After a 300% Price Surge

The Binance token has toppled the stablecoin Tether to become the third-largest crypto asset by market capitalization. After starting the month of February a little under $50, the token had raced past the $250 mark on February 19. At the time of writing the token is fluctuating around its all-time high (ATH) and stood at […]

Xem chi tiết: Binance Coin Topples USDT to Become the Number Three Crypto After a 300% Price Surge

Tezos Announces Major Upgrade to Improve Network Functionality

Open-source platform Tezos has just announced Edo, its fifth and most ambitious upgrade to its blockchain to date. This upgrade will add the Sapling protocol, tickets, and a new Adoption Period to support future upgrades that improve network functionality. Sapling, Tickets, and a New Adoption Period will Bolster Future Upgrades Tezos has been ramping up […]

Xem chi tiết: Tezos Announces Major Upgrade to Improve Network Functionality

Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms

Coronavirus-driven lockdowns and social distancing limits affect people’s way of entertaining themselves, such as going to karaoke. In South Korea, that activity is too popular, and despite the COVID-19 outbreak, the crypto industry is trying to capitalize on it. Somesing: A Blockchain-Based Karaoke App Per Fn News, Somesing, a blockchain-based karaoke app, already hit the […]

Xem chi tiết: Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms

Blockchain Firm Asks Nevada State for Permission to Build a Crypto ‘Smart City’ in Storey County

Cream Iron Bank Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused

Bluezelle is Resisting Censorship with a New Developer Grant: Interview with Neeraj Muraka

Bitcoin Payments for Private Flights Soar, 20% of Privatefly’s Revenue Stems from Crypto

Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico

Sandbox Games and NFTs: Microsoft and Enjin Issue Minecraft-Compatible Blockchain Collectibles

Etoro’s Gooddollar Basic Income Initiative Aims to Fund 1 Million New Users With New Referral Program

Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum

Other Articles