Circle, the issuer of the USDC stablecoin, has expanded the coin’s support to the Hedera Hashgraph blockchain network.
This makes USDC the first stablecoin available on Hedera. Launched in 2018, Hedera is a proof-of-stake blockchain network owned and governed by different organizations, including Google and IBM. These organizations run „permissioned” nodes on the network. Over time, Hedera aims to move to a permissionless model.
With USDC’s availability on Hedera, the network hopes to bring decentralized finance (DeFi) applications to its platform. Last month, the Hedera Governing Council earmarked 10.7 billion HBAR tokens (worth nearly $4 billion at current prices) toward the development of the Hedera ecosystem, including for DeFi applications.
„With the USDC launch on the Hedera network, The HBAR Foundation is taking an important step toward fulfilling its mission to ease the development and launch of DeFi applications on the network,” said Shayne Higdon, CEO and executive directo
We współpracy z: https://www.theblockcrypto.com/linked/120950/circle-usdc-stablecoin-hedera-network-defi?utm_source=rss&utm_medium=rss
