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Circle’s USDC To Launch on Cosmos

Circle’s USDC, the second-largest stablecoin on the market, is set to launch on Cosmos. 

Circle first announced its intent to launch on Cosmos in September 2022, when it shared plans to make USDC available on five additional blockchains, including Arbitrum, NEAR, Optimism, and Polkadot.

Noble, an issuance chain built on Cosmos, will act as Circle’s issuance partner. The protocol said that this is the first time over 50 IBC-enabled blockchains on the network will have access to native USDC.

This will also be the first time a highly liquid stablecoin is issued on the blockchain since the collapse of Terra’s UST. Some estimates show there are over 100 different bridged USDC assets currently on the network, highlighting the need for a native stablecoin.

(by Andjela Radmilac)

Circle cosmos
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