The world’s leading digital dollar stablecoin on Stellar is available now on Stellar’s decentralized exchange
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Stellar USDC combines the world’s leading stablecoin for digital dollars, which has grown over 1,000% year over year and is now almost growing $ 6B USDC floating around, with the Stellar network, an established and proven blockchain that has processed more than 1.5 billion operations and saw total payments on the network last year, growing 104% year over year. The integration brings immediate value to the Stellar ecosystem and connects and creates new business opportunities for existing Stellar-based companies, the USDC network of existing partners and future FinTechs looking to optimize payments, especially cross-border transactions. Businesses, developers, and retail users can visit stellar.org/USDC to learn how to get started with Stellar USDC right away.
Businesses and developers can access Stellar USDC directly through a single integration – the Circle Account and its API Services. The Circle Account is a free service based on a set of APIs that thousands of global businesses use to accept large scale payments, make programmable withdrawals, build marketplaces and soon be getting a return on their account balance. The account is free and through the Circle Multichain Authorized Distributors program, customers can use Circle APIs to switch between blockchains for free. The Circle Account allows businesses around the world to connect bank accounts and mint, redeem, store, send and receive Stellar USDC.
Stellar ecosystem companies Stably, FinClusive and JST offer Stellar-native integrations to support liquidity and on / off ramp services for Stellar USDC. Additionally, Wyre and six other Stellar-based platforms are already in the process of incorporating USDC into their products and payments.
Stellar has been announced as the official chain of USDC in October 2020 by SDF and the Center Consortium, which was co-founded by Circle and Coinbase.
Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, said, “This integration will be a powerhouse for the growth of the Stellar ecosystem and a catalyst for the fulfillment of our mission to create equitable access to the global financial system. It offers significant business opportunities for both Both new and existing companies will build on the respective strengths of USDC and Stellar. Companies and developers will benefit from Circle’s size and liquidity to deliver the types of products and use cases for which Stellar is designed, particularly cross-border payments and tokenization . “”
Jeremy AllaireCircle Chairman and CEO said, “Stellar is helping to transform international payments with cutting-edge technology and a rapidly growing ecosystem of businesses and developers, creating a new generation of financial applications in the market and availability of Circle’s API services for payments – and treasury operations will help accelerate the pace and scope of these innovations. “
David Puth, CEO of the Center Consortium, said, “We are very excited to add Stellar to the Center network. The Stellar and Center partnership will continue to fuel the growth of USDC while strengthening the Stellar ecosystem.”
About Stellar
Stellar is a decentralized, fast, scalable and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for the issuance of digital assets to which the global financial infrastructure is to be connected. Dozens of financial institutions worldwide issue assets and make payments through the Stellar network, which has grown to over 4.8 million accounts.
Via the Stellar Development Foundation
The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open source network that connects the world’s financial infrastructure. Established in 2014, the foundation helps maintain Stellar’s code base, supports the technical and business communities that build on the network, and acts as the voice for regulators and institutions. The foundation strives for equitable access to the global financial system and uses the Stellar network to unlock the world’s economic potential through blockchain technology.
About Circle
Circle is a global financial technology company enabling companies of all sizes to harness the power of stablecoins and public blockchains for payment, commerce and finance applications around the world. Circle’s platform has supported over 100 million tens of billion dollars worth of transactions with nearly 10 million retail customers and over a thousand companies while storing and securing more than one store $ 5 billion in digital currency assets. Circle is also a lead developer of USD Coin (USDC) which, together with Coinbase and the Center Consortium, oversees the standards and protocols for the fastest growing, regulated, fully reserved stablecoin. USDC now stands at more than $ 5.9 billion Market capitalization growing more than 1000% year-on-year, with over $ 300 billion processed in on-chain transactions. Today, Circle’s transaction services, business accounts and platform APIs are leading to a new generation of financial services and commerce applications that have the promise of increasing global economic prosperity for all through programmable e-commerce. Learn more at https://circle.com.
SOURCE The Stellar Development Foundation
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https://www.stellar.org/
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