Circle launched the USDC stabilcoin on the Hedera Hashgraph blockchain - Bits Media

USDC stabilcoin is launched on the Hedera Hashgraph blockchain, which will allow more widely used this token at the corporate level.

General Director of the HBAR Foundation Foundation Shane Higdon (Shayne Higdon) He called the USDC stablecoin an integral element for making payments in the field decentralized finance (DeFi) and NFT. In a conversation with Coindesk Higdon
said, that the fund has recently allocated $2.5 billion in HBAR cryptocurrency to support Defi developers.

As Higdon said, In addition to opening new opportunities in the Defi sector, The appearance of USDC on the Hedera blockchain will cause the interest of corporate users, launching nodes on Hedera Hashgraph. So, The Hedera Managing Council includes Google, IBM, Boeing и Deutsche Telekom. Therefore, the use of USDC stablecoin on platforms is not excluded, using blockchain to ensure safety and track supply chains, Higdon explained.

“Now users can make transactions with USDC, Using the Hedera blockchain. Moreover, they will have significant advantages compared to other networks: high performance and speed of transactions, as well as the effective use of energy resources ", - said Higdon.

Now USDC is available on Ethereum blockchains, Algorand, Solana, Stellar и Tron. It was also planned to make USDC available on Avalanche blockchains, Even, Flow, Kava, Nervous, Polkadot, Stacks and TESOS. However, the Vice President of Circle Products Jooo Reginate (JOAO REGINATTO) noted, that the launch of the USDC on Hedera Hashgraph was one of the priority tasks of the company. According to him, Hedera will make it possible to use USDC more widely at the corporate level.

Recall, that in July, Circle first published detailed information about USDC reserves. It turned out, what 61% ensuring stablecoin made up cash and their equivalents.