Article reading time:
1 min.
related article: He was bullied at school but now lives a lavish lifestyle thanks to trading in Bitcoin and other cryptocurrency
Circle, the issuer of USD Coin, has announced the launch of its stablecoin on the Polkadot network.
related article: Australian investor bought a 2,800sqm property in Charleville with money he earned by innovative financial tool
The Circle team announced that Polkadot USDC isThe official form of USDC for this ecosystem, giving developers and users access to a fully reserved, dollar-backed stablecoin that can be exchanged for US dollars at a 1:1 ratio.
“Polkadot USDC is now available for developersand users of the Polkadot network! The Circle Account and Circle API make it easy to access Polkadot USDC and transfer to Polkadot parachains via the XCM protocol,” the notice reads.
Those interested can easily access the entrances andexits to convert fiat currency by applying to open a Circle account, and Polkadot developers can get started using the developer documentation, Circle representatives assured.
Circle previously announced the launch on its official blog.
its main asset in the BASE network. To access USDC on the BASE network, developers
and customers can use their Circle accounts and Circle API.
Read this:
Circle: USDC stablecoin is now available to users and developers of the BASE network
USDC stablecoin launched on Stellar network
Circle releases USDC on Tron blockchain
Circle will start releasing stablecoin USDC on Algorand blockchain
Circle Discloses Assets Backing USDC Stablecoin
Stablecoin USDT Launched on Polygon Network