Circle Internet Financial, the fintech firm behind USD Coin (USDC) announced that it will expand the circulation of USDC to five additional blockchain ecosystems. The announcement was made at Converge22, a blockchain conference organized by Circle in San Francisco.
More on the expansion
By the end of 2022, USDC will begin to circulate on Polkadot, Arbitrum One, Optimism, and NEAR blockchains. As per Circle’s press release, the second largest stablecoin will be made available on the Cosmos ecosystem by early 2023.
Joao Reginatto, VP of Product at Circle, said in a statement,
“The multi-chain expansion is intended to increase USDC’s native availability from eight ecosystems to thirteen, and enables blockchain developers building on USDC and their users to experience greater liquidity and interoperability within the crypto economy.”
“Extending multi-chain support for USDC opens the door for institutions, exchanges, developers, and more to innovate and have easier access to a trusted...
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