September 25, 2023

Circle's USDC Stablecoin Officially Launches on Polkadot Network

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Circle's USDC Stablecoin Officially Launches on Polkadot Network

Circle, the issuer of USD Coin, has announced the launch of its stablecoin on the Polkadot network.

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.