Circle, one of the world’s largest stablecoin issuers, announced that USDC can now be used on the Polkadot (DOT) network.
In a post published on its official website on September 19, Circle announced that USDC was officially launched on the Polkadot network. Circle users USDC, Circle Account And Circle APIs using XCM protocol through Polkadot for paracahins He stated that it could be transferred.
USDC on the network is used to issue assets on the Polkadot network. Polkadot Asset Hub It was stated that it would be exported via . Users are warned that Circle only supports USDC issued through the Polkadot Asset Hub.
With this integration Centrifuge (CFG), HydraDX (HDX) And Moonbeam (GLMR) In parachains like uninterrupted purchase and sale And debt transactions It was stated that it could be achieved.
Circle launched USDC last year. Polkadot (DOT), Near Protocol (NEAR), Optimism (OP) And Cosmos (ATOM) He said he would support it in 2023. Number of networks supporting USDC with Polkadot support to 12 output. Ethereum (ETH) layer-2 networks at the beginning of the current month in Circle base And Optimism (OP) also announced that it introduced USDC integration.