Stablecoin

Polkadot

Giant

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
Web3 interoperability blockchain <a href="https://twitter.com/Polkadot/status/1694633815518380306" rel="noopener noreferrer nofollow">Polkadot</a> has begun a countdown to the launch of stablecoin giant USDC, which is coming to its platform in September. 
Circle, the USDC issuer, is preparing for a "Stable September" to remember by launching USDC on five new blockchain ecosystems, including Polkadot, during the month, and a sixth chain, Polygon PoS, in October. 
<blockquote class="twitter-tweet"> 
 ⏱️ The countdown begins... <a href="https://twitter.com/circle?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Circle</a> is bringing <a href="https://twitter.com/hashtag/USDC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#USDC</a> to <a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Polkadot</a> in September, enhancing liquidity for the entire ecosystem. <a href="https://t.co/rCHMn5jGUu" rel="noopener noreferrer nofollow">https://t.co/rCHMn5jGUu</a>— Polkadot (@Polkadot) <a href="https://twitter.com/Polkadot/status/1694633815518380306?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 24, 2023</a> 
</blockquote> 
USDC's native availability will increase from nine to fifteen ecosystems as a result of the multi-chain expansion. 
This comes on the heels of the recent drive to introduce Cross-Chain Transfer Protocol (CCTP) to the mainnet, as well as the introduction of Circle's Web3 Services pillar and programmable wallets. The introduction of USDC into six additional blockchain ecosystems would allow developers to build on a solid foundation with USDC. 
Circle intends to bring USDC to the <a href="https://u.today/polkadot-dot-welcomes-new-era-as-governance-platform-launches" rel="noopener noreferrer nofollow">Polkadot ecosystem</a> via the Asset Hub parachain, allowing USDC to spread across the independently governed ecosystem of parachains using the XCM protocol. 
<h2 id="polkadot-network-growth-and-price">Polkadot network growth and price</h2> 
Earlier this week, <a href="https://twitter.com/PolkadotInsider/status/1693608910438248500" rel="noopener noreferrer nofollow">Polkadot Insider</a>, a well-known X account that broadcasts Polkadot ecosystem updates, tweeted the blockchain's weekly report. 
According to the report, the blockchain handled an average of 6,900 transactions last week and had 3,600 active users. The average for core developers was also 172. This is significant as Polkadot ranks among the most-developed assets in the space based on its GitHub submissions. 
Per <a href="https://coinmarketcap.com/currencies/polkadot-new/" rel="noopener noreferrer nofollow">CoinMarketCap</a> data, Polkadot ranks as the eleventh largest cryptocurrency, with a market capitalization of $5.45. At press time, DOT was trading at $4.48, up 1.71% in the last 24 hours. The cryptocurrency has lost nearly 6% weekly. This is due to the significant sell-off seen in the past week.

Polkadot (DOT) Gets Ready for Stablecoin Giant USDC Launch

Table of Contents

U_Today

Other articles published on Aug 24, 2023

Shibarium Is LIVE & Sees Surge in Contract Deployments: A Fun Weekend Ahead for Shiba Inu’s Layer...

Binance stops offering debit cards in Latin America, Middle East

Binance with MoonPay Tie-Up for Crypto Transactions Amid Chandrayaan-3

BONE and LEASH Prices Surge 15% and 18% as Shibarium Relaunches

Shido Explorer is Officially Launching 15th September!

Euro Stablecoin EUROe Launches on Solana, Fiat Gateway Available

Join our free newsletter for daily crypto updates!