Circle starts USDC on Flow Blockchain -

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Circle, the operator of USDC, one of the largest stable coins after market capitalization, has introduced USDC as a native asset in addition to the flow blockchain. Flow is a blockchain project for hosting NFT and play-based initiatives that aims at low fees and a high transaction volume. With this introduction, USDC intends to extend its range to other blockchains, with flow being the eighth native blockchain in which USDC is located.

USDC on flow

Circle, one of the largest payment companies in the United States, has Started One of his main products-Usdc- a NFT and Web3-oriented blockchain. Users of the flow chain can now shape and redeem USDC native on the platform. This movement aims to make it easier for users of projects in Flow to transmit and use values ​​via the decentralized apps (DAPPS) of the ecosystem.

jeremy allaire, CEO of Circle, commented on the importance of flow and its design, which is believed that it is suitable for some new applications that are looking for this type of decentralized structure. In this context, allaire specified :

Flow has developed into a contact point for blooming communities of developers, artists, creators and brands that build their own blockchain-based digital media and entertainment experiences.

Allaire further explained that this new alliance would make payments easier and would help to ensure that data traffic in the network in new and existing projects thrives. Flow, a chain that was launched by Dapper Labs, the creators of cryptokitties, houses a number of NFT projects such as NBA Top Shots.

Circles Tour de Force

The strategy that Circle has followed with USDC has achieved remarkable successes growth for the currency. The company has expanded its StableCoin product and integrated native into several smart contract blockchains. This even led to a boom in the market capitalization of the currency usdt with regard to the Ethereum-based market capitalization last month.

Flow is the eighth chain in which USDC is native. USDC was already introduced native as Ethereum token in 2018. Now the currency A market capitalization of over 49 billion US dollars and is therefore the second most value-worthy StableCoin project on today's market. USDC is represented on chains, including Algorand, Solana, Stellar, Tron, hedera and avalanche .

What do you think of the introduction of USDC to flow? Tell us in the comment area below.

sergio@bitcoin.com '

Sergio Göschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price increase took place in December 2017. He has a background as a computer engineer, lives in Venezuela and is affected by the cryptocurrency boom on a social level. It offers a different perspective on the crypto success and how it helps those who have no bank account and are under-supplied.

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