News

Fantom Stablecoin USDC.e Will Be Launched On April 5

Key Points:

  • Fantom launches USDC.e stablecoin with Circle and Wormhole support, enhancing ecosystem liquidity.
  • Fantom stablecoin USDC.e operates on Ethereum’s smart contract, offering seamless functionality and potential transition to native USDC.
  • Andre Cronje raises concerns about USDe stablecoin’s sustainability, emphasizing vigilance in the crypto industry’s evolution.
Fantom, a prominent blockchain platform, has declared the imminent launch of its officially recognized stablecoin, USDC.e, slated for April 5.
Fantom Stablecoin USDC.e Will Be Launched On April 5 2

Fantom Stablecoin USDC.e Launched For Boosting Stability and Liquidity

Supported by Circle and Wormhole, Fantom stablecoin USDC.e on Wormhole operates via Ethereum‘s smart contract, which is bridged from the native USDC. This move aims to streamline liquidity, enhance stability, and broaden accessibility within the Fantom ecosystem.

Facilitated by the Wormhole Native Token Transfers (NTT) standard, USDC.e offers a myriad of functionalities, including storage, payment, trading, borrowing, and lending.

Furthermore, in a collaborative effort between Circle and Fantom, any potential transition to native USDC would occur seamlessly, with USDC.e tokens automatically converting without necessitating developers to update contract addresses or execute asset swaps.

Andre Cronje Warns of Stablecoin Sustainability

However, amidst these developments, Andre Cronje, a key figure in the blockchain sphere, has raised concerns regarding the sustainability of Ethena Labs’ USDe stablecoin. Citing similarities to past crypto failures like Terra (LUNA), Cronje has cautioned against potential pitfalls in the project’s trajectory.

As the crypto landscape evolves, Fantom’s strategic integration of USDC.e stands as a testament to the platform’s commitment to innovation and stability. With its launch imminent, the stablecoin promises to bolster liquidity, streamline transactions, and foster growth within the Fantom ecosystem.

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

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…

2 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%…

4 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…

5 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…

8 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

11 hours ago

This website uses cookies.