Circle's USDC expansion onto the Polkadot ecosystem will offer faster transactions and enhanced interoperability
Circle, the issuer of the USD Coin (USDC), the second-largest stablecoin by market capitalisation, is expanding its reach by launching USDC on the Polkadot blockchain. On September 19, Circle officially introduced USDC Coin on the Polkadot network, making Polkadot USDC available to developers and users.
Polkadot, launched in 2020, operates as a network comprising multiple independent blockchains known as parachains. These parachains function concurrently, facilitating quicker transactions while benefiting from the overall security and decentralisation of the Polkadot ecosystem.