The stablecoin issuer, Circle announced to launch its USD-pegged USDC token on six new blockchain networks.
Circle shared that it is planning for a “Stable September” when it will be launching USDC on five new blockchain ecosystems including Base, Optimism, NEAR, Polkadot and Cosmos via Noble. It plans to add Polygon PoS in October.
In the blogpost, Circle mentions it’s to-be launched Cross-chain Transfer Protocol (CCTP) which will enable USDC to be transferred seamlessly across different networks and making it an interoperable asset.
The combination of CCTP and its Programmable Wallets will “enable developers to build on a stable foundation with a fully reserved digital dollar they can trust,” says the company.
Also Read: Circle Unveils Programmable Wallets for Developers
Circle claims that, “Businesses and their users will have even more ways to access USDC to experience a faster, safer, and more efficient way to send, spend, and exchange value around the globe.”
Recently on 22nd August, the leading crypto exchange Coinbase announced an equity investment in Circle when it revealed that the stablecoin will be deployed on a number of new chains.
With these 6 new chains, the USDC stablecoin will be available on a total of 15 networks with the company plans to continue its multi-chain expansion. USDC is currently deployed on most major blockchains including Ethereum, Solana, Avalanche, Arbitrum, Tron, Hedera, Stellar, Algorand and Flow.
