USDC Stablecoin Set To Expand to 10 More Blockchains

As an open standard and public smart contract, USDC has rapidly grown to be one of the largest stablecoin in the world with a market cap of $25 billion.

The stablecoin native to five blockchains namely Ethereum, Stellar, Algorand, Hedera Hashgraph and Solana is set to expand to 10 more blockchain networks.

It’d be the broadest expansion of the $25 billion stablecoin to date, potentially surpassing the eight blockchains that support Tether’s USDT, the market leader with a $63 billion market cap.

“We anticipate that in the coming months USDC will become available on Avalanche, Celo, Flow, Hedera, Kava, Nervos, Polkadot, Stacks, Tezos, and Tron,” according to a draft announcement from USDC administrator CENTRE

CENTRE, which is a consortium run by crypto exchange Coinbase and payments firm Circle, said expanding to other chains helps “drive individual and enterprise adoption of open blockchain technologies.”