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Second-Biggest Stablecoin Goes Live on Stellar Network

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Tue, 2/02/2021 - 13:36
Second-Biggest Stablecoin Goes Live on Stellar Network
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USD Coin (USDC) is now officially available on the Stellar network, according to a joint press release published by Circle, the issuer of the second-biggest stablecoin, and the Stellar Development Foundation.

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As reported by U.Today, the new version of the dollar-pegged cryptocurrency was initially announced in mid-October.

In his statement, Circle CEO Jeremy Allaire claims that Stellar is creating "a new generation of financial applications":

Stellar is helping transform international payments with leading edge technology and a fast-growing ecosystem of businesses and developers creating a new generation of financial applications.

Related
XLM Soars 24 Percent, While 264.8 Million XLM Gets Moved by Stellar and Whales

Stellar (XLM) and USDC are currently neck and neck on crypto ranking site CoinMarketCap, occupying the 11th and 12th places, respectively.

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