USDC on Algorand, also known as USDCa, has experienced significant adoption since its launch, with around $108 million in circulation as of April 2023, indicating its growing popularity among businesses and developers. Algorand, a layer 1 blockchain utilizing a "Pure Proof of Stake" consensus mechanism, offers high speeds, low costs, and an expanding decentralized finance (DeFi) ecosystem, making it an attractive option for developers. The Algorand network's architecture supports stablecoin infrastructure, facilitating seamless interoperability with major blockchains. USDCa, an Algorand Standard Asset (ASA) token, is accessible on major cryptocurrency exchanges, enabling businesses to transact using digital dollars efficiently. The Algorand Foundation has launched initiatives like the Viridis fund to bolster DeFi growth on the platform, highlighting Algorand's commitment to sustainable and scalable financial applications. Overall, Algorand's integration of USDC provides a robust framework for developers and institutions seeking reliable and efficient financial solutions within the blockchain ecosystem.