USD Coin (USDC) becomes the fastest growing stable coin as it surpasses a market cap of $1.1 billion in just over 20 months of its launch. USDC was first introduced by an organization named, ‘the Centre Consortium” to establish an open platform for fiat currencies on the internet so that the mass adoption of the fiat-based stablecoins becomes an easier approach.
For this purpose, the Centre Consortium also announced a multi-chain support framework for USDC to enable other blockchain platforms to leverage the foundation.
As per reports, currently, there are around 12 billion USD stable coins in circulation, and the on-chain transactions from these stable coins represent the largest volume on blockchain transactions. The increasing trend in the USDC growth trajectory has successfully paved the way for a fully transparent and compliant digital dollar stablecoin.
The Centre Consortium has been putting forth indomitable efforts to enable people all around the world to leverage these upward rising trends and to gain benefits from using USDC. USD coin supports APIs for payments and crypto wallets, and to reap these benefits, businesses are looking forward to implementing innovative financial applications to increase their efficiencies; USD coin is well serving these criteria.
There are also speculations of these on-chain stablecoin transactions to reach a volume of $600 billion by the end of this year. Since its launch, USDC had solidified its position in the crypto market with hundreds of wallets and exchanges using it.
Web3 Island Makers recently announced its upcoming conference, Web3 Con Canarias. Scheduled for April 15,…
Canadian forex trading is an exciting and potentially lucrative opportunity for investors looking to expand…
Coinmama is a basic, straightforward crypto exchange that allows users to buy and sell cryptocurrencies…
Due to different obstacles, forex traders might face a high failure rate compared to other…
There are a large number of crypto enthusiasts who want to build their careers in…
Forex trading dramatically depends on software with all the necessary features to analyze the forex…