Circle to Add USDC On 5 New Blockchains Despite Delisting From Binance:
Circle, the firm behind USDC and EUROC, is expanding its ground into other blockchains to maintain its influence in the crypto market even after Binance and WazirX delisted its stablecoin USDC.
Specifically, Circle plans to launch its stablecoin on Arbitrum, Cosmos, NEAR, Optimism, and Polkadot in early 2023.
So, all developers working on these blockchains can already start testing their integrations with Circle’s APIs.
1/ Another exciting announcement just shared at #ConvergeSF22 👀 we intend #USDC to be available on @arbitrum @cosmos @NEARProtocol @optimismFND @Polkadot pic.twitter.com/OKR8Scq6yY
— Circle | #ConvergeSF22 | Sept 27-30 (@circlepay) September 28, 2022
VP of Product at Circle, Joao Reginatto, revealed that as a result of this new development, Circle will be able to expand its stablecoin from eight ecosystems to thirteen, to improve “greater liquidity and interoperability.”
Currently, USDC is launched on Ethereum, Solana, Avalanche, TRON, Algorand, Stellar, Flow, and Hedera.
Finally, Reginatto noted that the innovation will open the door for “institutions, exchanges, developers and more” to have a viable option when choosing a stable and reliable bridge between crypto and fiat.