Ethereum

Polkadot

Base

Polygon

Read

<div class="cryptonews"> 
 <p class="is-style-lead">The Boston-based stablecoin issuer previously unveiled a plan to roll out USDC on six blockchain networks, including Polygon PoS.</p> 
 <p>Users of Base, a Coinbase-incubated decentralized network, can now access native USDC and USDC liquidity on the layer-2 blockchain. This means there’s no need to use a bridge to send crypto’s second-largest <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> to Base’s mainnet.&nbsp;</p> 
 <p>The announcement on Sept. 5 comes two weeks after Circle disclosed plans to support native USDC on six more blockchains: Base, Cosmos, Near, Optimism, Polkadot, and Polygon PoS.</p> 
 <p>Circle also rolled out USDC on OP mainnet, the layer-2 blockchain built by Ethereum (ETH) scaling protocol Optimism. The <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> will go live on three more blockchains in September 2023 as part of the so-called “Stable September.”</p> 
 <p>On Aug. 23, Circle said its <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> will go live on Polygon PoS in October.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> USDC to launch on Base, Polkadot and four more platforms 
 </div> 
 <p>Expanding USDC support to more blockchains should improve liquidity for crypto participants and developers alike while powering a bevy of options for <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a>s users, according to Circle.&nbsp;</p> 
 <p>At the time of writing, the digital payment titan issues native USDC on Algorand, Arbitrum, Avalanche, Base, Ethereum, Flow, Hedera, Optimism, Solana, Stellar, and TRON.&nbsp;</p> 
 <p>Circle’s US dollar-backed <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> is the second-largest <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> in the crypto market, second only to Tether’s USDT token by market cap. USDC featured a $55 billion market cap at its peak in June 2022, per Coinmarketcap.</p> 
 <p>This number dropped to $25 billion at press time following several crypto bankruptcies in 2022 and a series of US bank fiascos in early 2023.</p> 
 <p>The stablecoin operator, led by chief executive officer Jeremy Allaire, shared plans to expand beyond the US market, looking to set up shop in Singapore and Japan.&nbsp;</p> 
 <p>In June, the Monetary Authority of Singapore (MAS) granted Circle a Major Payment Institution (MPI) license, allowing the USDC issuer to offer domestic and cross-border digital payment token services.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Coinbase invests in stablecoin operator Circle 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/circle-rolls-out-usdc-stablecoin-on-base-and-op-mainnet-tbt61629.html">https://thebittimes.com/circle-rolls-out-usdc-stablecoin-on-base-and-op-mainnet-tbt61629.html</a></p>

Circle rolls out USDC stablecoin on Base and OP Mainnet

TheBitTimes

Other articles published on Sep 5, 2023

3 Trailblazing Cryptos You Don’t Want to Miss This September

Cronos Labs begins recruitment phase for $100M accelerator program

Crypto's Liquid Staking Sector Rises to Near Record High with $15 Billion Surge

South Korean Hana Bank enters crypto custody business with BitGo

The Future of Giving is Digital: Binance Charity Survey Reveals a Surging Interest in Crypto-Base...

1inch Investment Fund Wallet Expands ETH Holdings

Join our free newsletter for daily crypto updates!