Tezos issues USDC stablecoin

On June 29, 2021, Centre, an international consortium of USDC stablecoins established by Circle and Coinbase, announced that it will issue USDC in Tezos in the next few months.

Coin World-Tezos issues USDC stablecoin

On June 29, 2021, Centre, an international consortium of USDC stablecoins established by Circle and Coinbase, announced that it will issue USDC in Tezos in the next few months.

The upcoming integration of Tezos and USDC ecosystem means that the world’s top stable currency USDC and on change governance token valid proof-of-stake blockchain will be combined with Tezos.

Tezos ushered in the 3rd anniversary of the mainnet market in June this year and is one of the PoS blockchains with the longest actual launch time so far. In addition, game developers, record producers, comic book publishers, sports chains, central banks and other entities are also using Tezos.

Tezos is based on Hic Et Nunc, the largest NFT market, and has recently been selected as a technical partner with F1 teams Red Bull Racing Honda and McLaren Racing. At the same time, it has a growing DeFi ecosystem and ERC-20 bridges. It is based on low-energy cross-chain utilities, production frame protocols, and the proliferation of AMM platforms.

USDC has rapidly grown into the world’s largest stablecoin ecosystem, and its current market value has exceeded 25 billion U.S. dollars. Hundreds of companies and products and services support USDC, including digital wallets, exchanges, DeFi agreements, deposits, loans, and settlement services.

USDC issuance based on Tezos and other multi-chain protocols will further accelerate the use of the world’s fastest growing virtual currency. Centre plans to provide additional updates based on the USDC merger time and issuance amount in the future.

This year, Tezos’ network activities have increased with the increase in community activities, and many market players and apps have been launched in the Tezos ecosystem, creating an amazing growth rate of 1200%. Tezos has complex and demanding smart transportation and token standards that can meet the requirements of DeFi and NFT Builder.

Tezos has carried out 6 upgrades to bring the lowest gas fees to the community, improved token standards and accelerated transactions. Not only that, the upgrade of Tezos is through on-chain governance and can achieve continuous improvement through proposals, adoption and deployment, thus avoiding hard points The generation of the fork.

USDC is an open blockchain standard and protocol for fiat digital currency prepared for Centre. Through Centre’s open source code and transparent stablecoin framework, which allows fiat to interact with smart currencies, developers can ensure the use of practical means of real currencies in blockchain applications.

Coinbase and Circle are founding members of Centre that launched USDC in 2018. Through this listing, USDC has the strongest partner in the blockchain ecosystem, consolidating its position as the world’s top stable currency.

A global financial technology company that allows companies to make full use of the power of stablecoins and blockchains, Circle is the main developer of the largest stablecoin ecosystem, USD Coin (USDC).

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