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Circle Internet Financial plans to introduce its USD Coin (USDC) stablecoin on five more blockchains.
USDC coins will be created on the Arbitrum One, NEAR, Optimism, and Polkadot networks before the end of 2022, according to the firm’s publication. At the beginning of 2023, the tokens will appear on the Cosmos (ATOM) cryptocurrency blockchain.
The multi-chain expansion aims to increase the number of native USDC blockchains from eight to 13 and enable blockchain developers to use stablecoins to increase the liquidity and interoperability of the cryptocurrency economy.
Expanding the number of supported blockchains will allow organizations, exchanges and developers to innovate and provide their customers with access to a reliable and stable digital dollar, said Circle Vice President Joao Reginatto.
After the release of USD Coin, developers will be able to integrate stablecoins into their products using the Circle user interface. In addition, they will have the opportunity to use a programmed wallet infrastructure.
Recall that Circle has already created USDC on eight blockchains: Algorand, Avalanche, Ethereum, Flow, Hedera, Solana, Stellar and TRON.
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