Polkadot Welcomes Circle's USDC
U.Today
19 Sep 2023 3:45 PM
Polkadot, blockchain network known for its interoperability capabilities, has announced integration of USD Coin (USDC), stablecoin managed by Circle...
- Polkadot has integrated USD Coin (USDC), a stablecoin pegged 1:1 to the U.S. dollar, into its Asset Hub.
- The integration aims to boost liquidity and provide easier institutional access to Polkadot's ecosystem.
- USDC is now natively issued on Polkadot's Asset Hub, allowing all parachains within the network to utilize the stablecoin.
- Centrifuge, a Polkadot parachain, has already adopted USDC as the native currency for its liquidity pools.
- The integration is seen as an important development for the decentralized finance (DeFi) sector and the Real World Assets ecosystem.
The article highlights the positive impact of integrating USDC into Polkadot's ecosystem, emphasizing the benefits of increased liquidity and institutional access. The sentiment is overall positive.
You May Ask
What is the purpose of integrating USD Coin (USDC) into Polkadot's Asset Hub?How does the integration of USDC benefit Polkadot's ecosystem?Which parachain within Polkadot has already adopted USDC as its native currency?What is the market capitalization of USD Coin (USDC)?Besides Polkadot, which other blockchain ecosystems have integrated USDC?