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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.

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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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