Introduction
The Centre Consortium, co-founded by Circle and Coinbase, has announced Stellar as an official blockchain for USD Coin (USDC), marking a pivotal expansion for the globally recognized stablecoin. USDC is slated to launch on Stellar in Q1 2021, leveraging Stellar’s high-speed, scalable network to enhance cross-border transactions and financial inclusion.
Key Developments
1. USDC Integration with Stellar
- Timeline: Expected Q1 2021.
- Significance: Combines Stellar’s borderless payment infrastructure with USDC’s regulated, liquid stablecoin ecosystem.
Growth Metrics:
- USDC circulation exceeds 2.8 billion tokens, with 500% growth in 6 months.
- Stellar hosts 4.6M+ accounts, processes 1B+ operations, and achieves 5-second ledger close times.
2. Strategic Benefits
- Cross-Border Efficiency: USDC’s global liquidity paired with Stellar’s low-cost transactions optimizes remittances and international settlements.
- Developer Access: Enables builders on Stellar to integrate USDC for scalable financial products.
Leadership Insights
Denelle Dixon, CEO of Stellar Development Foundation
"Adding USDC to Stellar accelerates our mission of equitable financial access. This collaboration opens new avenues for innovation, particularly in underserved regions."
Jeremy Allaire, CEO of Circle
"Stellar’s cross-border prowess aligns perfectly with USDC’s global expansion, fostering interoperability and financial inclusion."
Alesia Haas, CFO of Coinbase
"USDC on Stellar enhances flexibility for consumer payments, benefiting both retail and institutional users."
Why This Matters
- Third Native Chain: Stellar joins Ethereum and Algorand as blockchains with native USDC support.
- Market Impact: Strengthens Stellar’s position in decentralized finance (DeFi) and institutional adoption.
FAQ Section
1. When will USDC launch on Stellar?
- Target: Q1 2021.
2. How does USDC benefit Stellar users?
- Enables fast, low-cost cross-border transactions with a trusted stablecoin.
3. What’s unique about Stellar’s network?
- 5-second transaction finality and 4.6M+ accounts for scalable financial solutions.
4. Is USDC fully regulated?
- Yes, USDC is fully reserved and compliant with global financial standards.
👉 Explore how USDC transforms global payments
About the Organizations
Stellar Development Foundation
A non-profit advancing financial inclusion via the Stellar network, supporting developers and regulatory collaboration.
Circle
Pioneer of USDC, facilitating blockchain-based payments and treasury solutions for businesses worldwide.
Coinbase
Leading cryptocurrency exchange offering secure trading and institutional crypto services.
👉 Discover more about blockchain innovations
For inquiries, contact the Stellar Development Foundation at [email protected].
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