Categories: News

Circle’s Native USDC Is Now Available On NEAR Blockchain

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.