USDC log in to the Stellar network to support ecosystem expansion and cross-border payment innovation.

The USDC stablecoin has been launched on the Stellar network and can be used through multiple Wallets. Users can now trade USDC within the Stellar ecosystem, which has over 9000 assets.

In October last year, Stellar was announced as the official support chain for USDC. This decision was jointly made by the Stellar Development Foundation ( SDF ) and the Centre Consortium, which was co-founded by Circle and a well-known cryptocurrency exchange.

Businesses and developers can easily access Stellar USDC through Circle's account and API services. Circle accounts allow businesses to connect their bank accounts with the minting, exchanging, storing, sending, and receiving functionalities of Stellar USDC.

Circle executives stated that the choice of Stellar is to promote the expansion of stablecoins on the network. They believe that Stellar is transforming the international payment landscape through advanced technology and a rapidly growing ecosystem, creating a new generation of financial applications. They are confident that the addition of USDC will further accelerate these innovations.

SDF leaders pointed out that Stellar's design in cross-border payments and tokenization aligns with Circle's vision for USDC.

According to market data, as of the time of writing, the price of XLM is $0.3442, an increase of 1.66%. USDC is quoted at $0.9992, a decrease of 0.17%. These two cryptocurrencies rank 11th and 12th in the market capitalization leaderboard, respectively.

It is worth mentioning that SDF has recently made significant progress in the development of its network. At the beginning of January this year, the Ukrainian Ministry of Digital Transformation chose SDF to assist in the development of the country's central bank digital currency ( CBDC ) project. This collaboration marks an important step for Stellar in driving financial innovation.