Circle expands USDC offering to Polkadot blockchain

USDC launched on Polkadot
USDC launched on Polkadot

Circle continues to expand its ecosystem and supported blockchains with the newest addition on Polkadot.

USDC was launched on Polkadot Asset Hub, a parachain platform for issuing and managing digital assets in the Polkadot ecosystem.

As Circle stated, this expansion will enable new use cases:

  • fast and frictionless payments around the globe;
  • DeFi services like lending and borrowing on other parachains;
  • savings in cryptocurrencies, removing the need for banks.

CentrifugeHydraDX, and Moonbeam from Polkadot ecosystem already offer USDC to their users.

More details can be found here.