Polkadot, a blockchain network used to create application-specific sidechains, is continuing to expand its ecosystem as Circle announces the launch of its native USDC stablecoin on the platform.
Circle’s USDC stablecoin is the first ERC-20 token to be launched on the Polkadot network and enables developers and users to access the functionality and liquidity of the USDC stablecoin in the Polkadot network. As a result, users will be able to use the USDC to programmatically buy and sell on decentralized exchanges within the Polkadot ecosystem.
Additionally, USDC can be transferred between users across the Polkadot network, enabling new types of payments and automated trading across different applications and projects.
This announcement highlights the commitment from Circle to contribute to the Polkadot network and to help the Polkadot ecosystem to continue to expand and grow.
This move could be a significant step forward for the Polkadot ecosystem, as it will likely bring more users, developers, and applications to the Polkadot network. In addition, USDC could provide developers with a more reliable and consistent store of value as they build applications on the Polkadot network.