Circle brings USDC stablecoin to Polkadot's Asset Hub parachain allongside five other blockchains to enable faster, cheaper transactions and multi-chain transfers via the new Cross-Chain Transfer Protocol.
The stablecoin issuer bought an undisclosed stake in Northern Data Group, which it claims is “set to become the biggest independent AI player in Europe.”
Circle brings USDC stablecoin to Polkadot's Asset Hub parachain allongside five other blockchains to enable faster, cheaper transactions and multi-chain transfers via the new Cross-Chain Transfer Protocol.
The stablecoin issuer bought an undisclosed stake in Northern Data Group, which it claims is “set to become the biggest independent AI player in Europe.”
While USDT dominates payments and centralized exchanges, USDC has taken the lead in decentralized markets. USDC has actively fostered relationships with DeFi dApps and is often viewed as a more secure stablecoin.
The payments giant has been accepting USDC payments on Ethereum from card-issuer Crypto.com in Australia since 2021, and will now use the cheaper Solana network to settle cross-border transactions with Merchant Acquirers, Worldpay and Nuvei, which collect payments on behalf of global retailers.
Coinbase is increasing its support for USDC with an investment in Circle, which will take full control over the second largest stablecoin issuance and governance.
On Monday, online payments processor PayPal announced the launch of its long-promised dollar-pegged stablecoin. The token was originally expected in Q1 2023, but was delayed following an SEC notice against issuing partner Paxos.
