Stellar
$0.08347 -1.40%
XLM · 1w

USDC is Coming to Stellar! - SDF Blog

It’s a big day for the Stellar network. We’ve just announced that Stellar is now an official chain for USDC!  Combining our strengths – USDC as one of the world’s leading compliant and regulated digital dollar stablecoins and Stellar as a mature network with an unparalleled ability to connect global financial infrastructure – we are positioned to offer USDC and Stellar users a new level of opportunity. 

This is a big development for Stellar and for USDC and I want to share why.  

First, USDC brings a new strong, stable, and engaged USD asset to Stellar for developers and end-users to leverage when making transactions on Stellar rails. USDC also carries the advantage of having deep global liquidity across countries and platforms, which makes it an optimal asset for use in cross-border transactions. All of this brings greater competition to Stellar, especially by having multiple anchors in regions like the United States. It allows for greater growth and innovation as developers and businesses leverage these assets to create new and compelling use cases for retail and enterprise clients. This will drive us to push this network to the next level. 

The addition of USDC also brings enormous value and opportunity to the Centre Consortium –  a group formed by Coinbase and Circle with a vision of building a standard set of protocols for fiat-denominated digital currencies that could work across different wallets, currencies and platforms. Adding Stellar as an official chain brings an established, mature network to Centre and supports their larger strategy for a Multichain USDC Framework. 

And this partnership helps build towards more diverse applications and use cases. With Stellar's unique focus on cross-border payments, transactional use cases, and our anchor model, we’re positioned to help Centre achieve their vision for fiat-backed digital currency and to help USDC further penetrate the financial stack by expanding from trading and DeFi in...

Continue on stellar.org
Recent news
No posts found