In the next two months, Circle will add USD Coin (USDC) stablecoin support on six blockchains, including Base, Cosmos (via the Noble network solution), NEAR, Optimism, Polkadot, and Polygon PoS, for a total of 15 blockchains. RBC Crypto with reference to Fortune.
On August 22, it was reported that crypto exchange Coinbase will buy a stake in Circle and launch USDC on six new blockchains. It was noted that Circle will receive full control over the issuance and management of the USDC stablecoin.
USDC is the second largest stablecoin after Tether USD (USDT), with a market capitalization of over $25.9 billion as of August 22, according to Coinmarketcap.
In August, Coinbase announced that it would suspend trading in USDT and other stablecoins in Canada. Clients of the crypto platform, despite the ban on trading USDT, DAI and RAI stablecoins, will be able to continue depositing and withdrawing these assets.
Source: Cryptocurrency
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