Okcoin And Stellar Development Foundation Integration
Okcoin, one of the world’s fastest-growing cryptocurrency platforms, and the Stellar Development Foundation (SDF) announced today that Stellar USDC is now available on the Okcoin platform. With this launch, Okcoin becomes the first exchange to enable USDC deposit and withdrawal via Stellar for users in the U.S., providing a notable on-ramp in the U.S. for retail and institutional customers.
This integration marks a step in an ongoing effort to expand access to a faster and cheaper USDC. USDC on Stellar allows for near-zero transaction costs and provides incredibly fast settlement, taking about 5 seconds to finalize a transaction. A growing number of businesses and wallets on the Stellar network are leveraging USDC to improve their offerings and expand into new markets. Okcoin will provide another critical access point for such users by supporting the deposit and withdrawal of USDC on the Stellar blockchain.
“We’re proud to be the first exchange to bring Stellar USDC to the US market. Stablecoins play a critical role in the decentralized economy and this asset, in particular, is enabling a truly borderless digital dollar. Stellar USDC’s utility, speed, and security make it a natural fit for our platform.”— Hong Fang, CEO of Okcoin
Okcoin is an exchange serving over 190 countries and is one of the largest exchanges globally.
“This integration will ensure that more users can leverage the utility of USDC on Stellar to open up payment pathways and expand on use cases. We’re pleased that Okcoin is introducing the speed and low-cost of USDC on Stellar to its platform and providing greater access.”—Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation
ABOUT Okcoin
Okcoin is a global cryptocurrency exchange headquartered in the US. The platform serves retail and institutional investors across 190+ countries and territories — more locations than any other US-based exchange.
ABOUT Stellar
Stellar is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Financial institutions worldwide issue assets and settle payments on the Stellar network, which has grown to over 6 million accounts.
ABOUT Stellar Development Foundation
The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology.
RESOURCES
Stellar Press Release
