Categories: News

Circle’s Native USDC Is Now Available On NEAR Blockchain

Key Points:

  • Circle’s USDC is now natively on the NEAR blockchain for faster, more user-friendly apps.
  • USDC integration offers low-cost global payments, 24/7 trading, lending, and savings options.
  • The company is expanding partnerships, including Mercado Libre, and plans further blockchain launches.
Circle, a prominent stablecoin company, has made a significant announcement regarding its USD Coin (USDC) cryptocurrency. USDC is a stablecoin, and Circle has revealed that it is now natively available on the NEAR blockchain.
Circle's Native USDC Is Now Available On NEAR Blockchain 2

This development allows developers to harness the NEAR blockchain’s speed and scalability to create fast and user-friendly applications using USDC, with support for popular programming languages like JavaScript and Rust.

The integration of USDC on NEAR offers a wide range of use cases, including low-cost global payments and remittances, 24/7 trading, lending, and the ability for users to store their savings in digital dollars without relying on traditional banking institutions.

Circle has been actively expanding its partnerships and integrations. In late August, the company collaborated with Mercado Libre to introduce the USD Coin stablecoin to Mercado Pago, a move aimed at facilitating digital payments within Latin America.

Furthermore, Circle has also rolled out a native version of USDC on Coinbase’s Layer 2 Base network, gradually replacing the existing bridged version from Ethereum. This new iteration will be known as USDC, while the bridged version will be labeled USDbC.

Notably, Circle’s Native USDC is now accessible on Noble, allowing developers and users to interact with these assets via the Noble Account and Noble APIs. It can be exchanged through the Inter-Blockchain Community (IBC) Protocol, enhancing the ability to trade digital assets across different Cosmos appchains.

Circle’s plans for the coming months include launching USDC on various blockchains, with an additional launch on Polygon PoS scheduled for October. This expansion aims to provide users with greater flexibility and accessibility for their digital assets.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Dtec Announces Global Partnership with DİZAYNVIP to Elevate AI-Driven Mobility Design  

Dtec and DİZAYNVIP partner to merge AI technology with luxury vehicle design, revolutionizing smart mobility…

21 mins ago

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

4 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

7 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

9 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

10 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

13 hours ago

This website uses cookies.