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Second-Biggest Stablecoin Goes Live on Stellar Network

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Tue, 02/02/2021 - 13:36
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Alex Dovbnya
USD Coin (USDC) has been officially launched on the Stellar network
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.

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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.