USD Coin (USDC) Is Coming To Tezos

USDC Stablecoin founded by Circle and Coinbase will be issued on Tezos this coming months. The upcoming integration of Tezos with the USDC ecosystem brings together USDC, the world’s leading digital dollar stablecoin, with Tezos, an energy-efficient Proof of Stake blockchain with on-chain governance.

Tezos celebrates its three year anniversary since mainnet launch this month, making it one of the first and longest running Proof of Stake blockchains. Game developers, music labels, comic book creators, sporting franchises, central banks, and more are building on Tezos. Tezos is home to the largest NFT marketplace, Hic Et Nunc, and was recently selected for technical partnerships with F1 teams Red Bull Racing Honda and McLaren Racing. Additionally, Tezos has a growing DeFi ecosystem with ERC-20 bridges for low-gas cross-chain utility, yield framing protocols, and surging AMM platforms.

This year, network activity on Tezos has grown 1,200 percent as the thriving community launched numerous marketplaces and apps across the Tezos ecosystem. USDC has rapidly grown into the largest stablecoin ecosystem in the world and recently surpassed a market cap of $25 billion. Hundreds of companies, products and services support the USDC standard, including digital wallets, exchanges, DeFi protocols, savings, lending and payment services. USDC on Tezos and other multi-chain protocols will further accelerate the use of the world’s fastest growing digital dollar currency.

ABOUT USDC Stablecoin
USDC is an open standard and protocol for fiat digital currency on blockchains from Centre. Centre’s open-source and transparent stablecoin framework allows fiat to interact with smart contracts, giving developers a viable way to use real world currencies in blockchain applications.

ABOUT TEZOS
The Tezos platform was built with mechanisms to ensure active community governance and participation. Users can actively participate by evaluating, proposing, or approving amendments to Tezos. This design empowers the type of collaborative innovation that keeps Tezos on the bleeding edge of technology.

RESOURCES
Medium