USD Coin (USDC) can now be used on additional blockchains, including Base, Cosmos (via the Noble network), NEAR, Optimism, Polkadot, and Polygon PoS. Circle made this announcement.
USD Coin (USDC), a big digital coin that doesn’t change in value much, is growing. It will soon work on six more computer systems called blockchains.
Circle, the company behind USDC, said this. USDC already works on different blockchains like Ethereum, Stellar, and Solana. This new way will start in September and keep going until October.
USDC Expanding After Recent Changes
Just two days after Coinbase bought part of Circle, the company in charge of USDC, and the two firms shut down the group that managed USDC since 2018, there’s new news.
USDC wants to work on more computer systems, and this should help more people use it. While it was first meant for payments all over the world, people are using it more in things like self-controlled wallets and lending systems in decentralized finance (DeFi). USDC is good because it’s like having U.S. dollars in the crypto world.
USDC is popular, but it’s been having a hard time against Tether and has been losing some of its customers since March. Circle, the company behind USDC, talked about having $3.3 billion stuck in a bank that was in trouble. This made USDC lose its value for a short time. Right now, USDC is worth almost $26 billion.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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