Company
Date Published
Author
Team Circle
Word count
520
Language
English
Hacker News points
None

Summary

Circle Internet Financial has expanded its USD Coin (USDC) ecosystem with the addition of three new supporters: Nuo Network, Deconet, and Wanchain, each utilizing the asset-backed stablecoin in innovative ways. USDC is favored by market makers and traders for its liquidity and interoperability, serving as a practical solution for integrating real-world currencies into blockchain applications. Nuo Network allows users to lend, borrow, or trade crypto assets using USDC, while Deconet facilitates project payments in stable cryptocurrencies, and Wanchain enables value transfer across blockchains with USDC integration. Loom has also integrated USDC into its layer 2 Ethereum scaling solution, PlasmaChain, enhancing the speed and scalability of USDC payments. These integrations highlight the growing relevance of fiat tokens in diverse use cases and contribute to the over 100 exchanges and platforms already part of the USDC ecosystem. USDC, established by the CENTRE Consortium co-founded by Circle and Coinbase, aims to standardize fiat on the internet and support the global adoption of stablecoins.