Circle Launches USDC Stablecoin on Polkadot Asset Hub

Circle launching USDC stablecoin on Polkadot Asset Hub

USDC coin, the second largest stablecoin by market capitalization after Tether (USDT), continues to expand on different blockchain networks. Now USDC coin is being launched on Polkadot. The USDC coin is being offered on the Polkadot network by USDC issuer Circle. Circle company has announced the launch of USDC coin on Polkadot network on September 19. According to Circle's website, this coin is being made immediately available to Polkadot USDC developers and users. So that users can transfer stable currency to Polkadot parachains through XCM protocol using Circle account and Circle API. Whereas USDC coin has been issued on Polkadot Asset Hub. Polkadot Asset Hub is a simple parachain designed to issue, manage, and transfer digital assets in the Polkadot ecosystem.