This announcement is part of a broad plan to expand the cryptocurrency's global reach and utility.
This announcement is part of a broad plan to expand the cryptocurrency’s global reach and utility.
Based on a joint release by Coinbase and Circle, USDC, already available on nine blockchains, including Ethereum, Arbitrum, Avalanche, Stellar, Tron, Flow, Algorand, Hedera and Solana, will be rolled out on additional chains.does not mention names, earlier reports from Circle suggest that Base, NEAR, Optimism, Polkadot, Polygon PoS, and Cosmos will be the new integrations between September and October. Consequently, USDC will be supported on at least 15 blockchains.
The integration of six new blockchains will be a major step in the growth of USDC, perhaps a catalyst for more stablecoin adoption.The new developments come from a collaboration between Coinbase and Circle, with the formeran undisclosed minority interest stake in the latter. This partnership effectively disbanded the Center Consortium, originally tasked with issuing USDC. Subsequently, Circle will move the entire governance and issuance of USDC in-house.
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