Circle, the company behind stablecoin USDC, announced that it will soon be making USDC available on five additional blockchains.
By early next year, USDC will be compatible with Arbitrum, Cosmos, NEAR, Optimism, and Polkadot, the company’s Chief Product Officer Nikhil Chandhok revealed to a live audience at Circle’s Converge22 conference.
1/ Another exciting announcement just shared at #ConvergeSF22 👀 we intend #USDC to be available on @arbitrum @cosmos @NEARProtocol @optimismFND @Polkadot pic.twitter.com/OKR8Scq6yY
— Circle (@circle) September 28, 2022
“Extending multi-chain support for USDC opens the door for institutions, exchanges, developers and more to innovate and have easier access to a trusted and stable digital dollar,” said Joao Reginatto, Circle’s VP of Product.
Also, the world’s largest crypto exchange Binance has made its stablecoin BUSD available on Avalanche and Polygon.
“BUSD is available on multiple blockchains, including Ethereum, BNB Smart Chain, and BNB Beacon Chain. Now BUSD is also available on Avalanche and Polygon. BUSD support on Avalanche and Polygon provides traders with a fast and safe way to transfer the USD-backed stablecoin across different platforms. All users are now able to explore the Avalanche and Polygon ecosystem with BUSD more safely and efficiently. In the future, the BUSD team is committed to bringing more use cases into its ecosystem,” says official press release.