USDC Launches On Cosmos For Seamless Crypto Management
Circle’s USDC, the second-largest stablecoin on the market, is set to launch on Cosmos. This is a big step for Circle, which first announced its intent to launch on Cosmos in September 2022. Circle has teamed up with Noble, an issuance chain built on Cosmos. As Circle’s issuance partner, Noble will help to ensure that over 50 IBC-enabled blockchains on the network have access to native USDC.
The launch of USDC on Cosmos was propelled by dYdX’s announcement that it would also be launching on Cosmos. This popular decentralized exchange has announced plans to build a proprietary IBC-enabled app chain, which will open up its service to millions of Cosmos users. This is a significant development for the Cosmos network, as it will help to increase the adoption and usage of the platform. With the launch of USDC and other stablecoins on Cosmos, it is clear that the platform is becoming an increasingly important player in the world of decentralized finance. With this launch, Circle hopes to fill that gap and provide users with a stablecoin that is reliable and easy to use.