Company
Date Published
Author
Team Circle
Word count
396
Language
English
Hacker News points
None

Summary

Circle Internet Financial highlights the growing support for USD Coin (USDC), a stablecoin developed by Centre, with recent endorsements from IDCM, AlphaWallet, ChangeNow, and others, leading to more than 75 exchanges and platforms backing it. IDCM, a major crypto exchange, is among the latest to support USDC, joining the ranks of Binance, OKEx, and Huobi. AlphaWallet enables secure USDC transactions with dApps, while Salt Lending adds USDC to its loan offerings, and XinFin integrates USDC into its blockchain platform. The stablecoin has reached a market capitalization of over $220 million, bolstered by Circle activity and attested by Grant Thornton LLP. The Silvergate Exchange Network has also begun supporting USDC issuance and redemption, enhancing its utility as a swift fiat on and off-ramp between crypto and USD. Circle aims to further expand USDC's ecosystem, emphasizing its mission to improve global economic opportunities by making financial transactions more accessible and efficient.