$USDC Stablecoin is now live on hashport!
hashport is thrilled to announce the integration of Circle’s fully-backed stablecoin $USDC onto hashport. This integration helps us move towards our vision to explore ‘Worlds of Possibility” by incorporating new tokens and networks. This integration enables users to move $USDC across supported networks for various purposes including DeFi, yield farming, and many other decentralised applications. This will allow users to provide liquidity or collateralisation/lending/staking on DeFi protocols across supported chains.
Who is Circle?
Circle is a payments & treasury infrastructure provider for the internet, which allows businesses to accept and dispatch payments globally in one unified platform. It is a global financial technology firm which bridges the traditional financial system with leading public blockchains to unlock growth for businesses and investors. Its mission is to raise economic prosperity through the frictionless exchange of financial value in a more global, scalable and efficient way through blockchain infrastructure.
What is USDC?
USDC is a digital stablecoin pegged 1:1 to the US Dollar. It is a digital currency which moves at the speed of the internet, can be exchanged in the same way we share content, and is cheaper and more secure than existing payment systems. USDC is managed by a consortium called Centre, founded by Circle and Coinbase. Since its launch in 2018, USDC has become a robust market infrastructure for applications and businesses of all sizes in nearly every industry. USDC flows seamlessly across many of the world’s leading blockchains and is widely used throughout this transformative internet layer.
Both institutional traders and retail investors use USDC as a base currency for quickly entering and exiting positions in crypto capital markets globally. Crypto-based businesses like NFT marketplaces and DeFi applications are increasingly using it. It plays a significant role in global remittances and allows individuals access to USD on-chain. Due to all these reasons, USDC is emerging as an essential player in DeFi.
Technical Updates — $USDC Token Addresses
Ethereum Contract Address: 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48
Hedera Token ID: 0.0.1055459
If you’re attempting to port $USDC tokens and have any questions, please refer to hashport’s FAQ page here. If you require further assistance, you can reach out to support@hashport.network for additional help.
About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the issuer of USD Coin (USDC), one of the fastest growing dollar digital currencies powering always-on internet-native commerce and payments. Today, Circle’s transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of financial value. Additionally, Circle operates SeedInvest, a leading startup fundraising platform in the U.S. Learn more at https://circle.com.
About hashport
hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure, and cost-effective way. In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners from around the world. hashport has passed a rigorous security audit and follows industry best practices; regularly performing comprehensive network tests to ensure the integrity of the network.
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