- The USDC stablecoin will be released in September.
- Polkadot will be one of the ecosystems on which the USDC stablecoin will be released and is currently making preparations as the launch approaches.
Circle, the USDC issuer, is finalizing the stablecoin to ensure it is released in September. He is planning on launching it on five blockchain ecosystems. Polkadot and Polygon PoS will be part of these ecosystems.
⏱️ The countdown begins… @Circle is bringing #USDC to #Polkadot in September, enhancing liquidity for the entire ecosystem. https://t.co/rCHMn5jGUu
— Polkadot (@Polkadot) August 24, 2023
Following the launch, the availability of the USDC will increase to fifteen ecosystems thanks to the multichain expansion The introduction of the Cross-Chain Transfer Protocol (CCTP), Web3 Services pillar belonging to Circle, and wallets which the developers programmed are the main factors that have made it for possible for the multi expansion to take place.
Circle is planning on using the Asset Hub parachain to integrate USDC into the Polkadot ecosystem. This way, the USDC will manage to spread across the parachains with the help of the XCM protocol.
The Value Of The Polkadot Token
According to the Polkadot Insider, an X (formerly Twitter) account posted that the blockchain recorded a total of 6900 transactions and 3600 users were involved. With regard to the information on CoinMarketCap, Polygon is ranked number eleven in the market. The token has been dropping by 6% every week.
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Polkadot (DOT) Price Prediction 2023 – 2030: Will Polkadot reach $50?
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