Developers and users can now access Polkadot USDC via Circle, allowing seamless transmission of the stablecoin to Polkadot parachains using the XCM protocol.
Circle Strengthens Interoperability
Like its previous blockchain integrations, Circle’s incorporation with Polkadot aims to solidify its position as a leading interoperable stablecoin while enabling cost-effective payment solutions. This expansion into Polkadot’s ecosystem brings forth functionalities like trading, borrowing, and lending on parachains such as Centrifuge, HydraDX, and Moonbeam.
Polkadot, established in 2020, constitutes a network of distinct, independent blockchains known as parachains, which operate concurrently to facilitate swift transactions. These parachains benefit from the overarching security and decentralization the Polkadot network provides.has now surpassed that of its rival stablecoin, USDT, which currently operates on 11 networks.
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