Circle, the issuer of USDC, has announced the official launch of USD Coin on the Polkadot network as of Sept. 19. Following the announcement, developers and users can now readily access Polkadot USDC and transfer to Polkadot parachains through the XCM protocol, as stated on Circle’s website. New use cases As part of the announcement, Circle said this release will open up new opportunities for exchanges, digital wallet providers, institutional traders, and developers. These include enabling cost-effective, near-instant global payments and remittances, facilitating round-the-clock trading and lending on parachains such as Centrifuge, HydraDX, and Moonbeam, as well as offering users the ability to securely store their savings in digital dollars without the necessity of a traditional bank account. At the same time, Circle underscored the importance of native support for Polkadot USDC issued exclusively on Polkadot Asset Hub within the Polkadot ecosystem. This clarification i...
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