Stellar Decentralized Exchange adds USDC trading pair

Stellar Decentralized Exchange adds USDC trading pair

 


USDC stable coin is now live on the Stellar decentralized blockchain network. As per the latest announcement, the USD-pegged stablecoin shall be available in six stablecoin pairs via five Stellar integrated wallets. 


Currently, any Stellar account holders can have access to USDC and trade it across Stellar’s ecosystem comprising of 9000 assets.


"We and @circlepay are excited to announce that Stellar USDC is now live and immediately available on Stellar's decentralized exchange, accessible to any Stellar account through integrated wallets, and tradable across Stellar's ecosystem," Stellar said in a tweet.


Both USDC and Stellar have registered record growth in recent years. Circle’s USDC stablecoin has emerged as the 12th most-valued cryptocurrency with a market cap of $5.93 billion. 


On the other hand, the Stellar blockchain network has also registered over 100% growth in terms of total transactions processed.


This integration will further propel the network growth as the existing Stellar users can connect and create new business opportunities on the platform. Using the Circle account and its API services integration, business and developers can get instant access to the Stellar USDC.

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