Stellar USDC is now live on the stellar exchange

Stellar USDC is now live on Stellar Network
  • Stellar USDC is now live on the decentralized digital assets exchange platform of Stellar
  • The integration has brought an instant to the Stellar network and ecosystem
  • Circle account integration can help to access the Stellar USDC directly
  • The integration can be a powerhouse to the growth of Stellar network

Stellar USDC, a dollar-pegged stablecoin and a world’s leading dollar-pegged stablecoin, now live on the Stellar Network. The token has faced over more than 1000% of growth over the years. After the token went live, it was immediately available on the decentralized exchange of Stellar. Currently, the USD Coin is accessible through any Stellar account via integrated wallets. Such integrated wallets include Lobster, Solar, StellarPort, and StellarTerm. And it is also tradable across the Stellar’s ecosystem with more than 9000 assets. 

Stellar USDC has brought an instant value to Stellar network

The Stellar USDC remained the world’s leading stablecoin with approximately $6 billion USDC in circulation. Last year the stable token with Stellar network had processed more than 1.5 billion operations and saw a growth of 104% among entire payments on the network. However, the latest integration has increased the value of several benefits offered by the network. Such benefits include creating new opportunities for existing businesses, cross border transactions, and the USDC’s network of existing partners. The network has also released a guide that can help developers, retailers, and businesses learn to get started with the token.

Circle account integration can help access the token directly

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To directly access the Stellar USDC, the developers and firms can use one single integration of Circle Account. Using the free API services provided by Circle, thousands of global businesses can accept payments at large scale. It is also found that via the Circle Multichain Authorized Distributors Program, the users can use API’s to swap among blockchains at zero fees. Moreover, the integration can also help businesses connect bank accounts and mint, redeem, store, and transact the stablecoin.

On the other hand, some Stellar ecosystem firms provide Stellar native integrations, which can support integration and on/off ramp services for the stablecoin. Indeed, some Stellar-native platforms are already in the process of integrating the token into products and payments systems.

The integration will be a powerhouse in the Stellar network growth

Back in October last year, the Stellar ecosystem was announced as an official chain of USDC. According to Denelle Dixon, the CEO of Stellar Development Foundation, the latest integration of Stable USDC will be a powerhouse for the network’s growth. The integration could also be a catalyst towards achieving the goal to create equitable access to the financial system. 

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Ahtesham Anis
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

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