Circle, the global internet finance provider Circle that facilitates internet-based payments for all businesses and is the primary operator of USDC, today announced native support USDC on public blockchain. This eco-friendly and decentralized smart contract platform empowers Decentralized Finance (DeFi), with low fees, and almost instant finality.

With more than $40B USDC in circulation as of December 2021, USDC is the world’s fastest-growing dollar digital currency. The integration will create more seamless transaction and payment options for developers and participants in Avalanche’s exponentially growing, interconnected ecosystem of DeFi protocols, enterprise applications, NFT marketplaces, and more. Avalanche offers customers the ability to withdraw and send money, settle payments and deposit funds. Developers can also take advantage of Circle’s suite of developer APIs, which have been updated to support USDC on Avalanche.

Support for USDC on Avalanche is a pivotal moment in the DeFi market’s multi-billion dollars growth.
Circle’s CEO, Jeremy Allaire.

This integration, which will make USDC the most prominent digital currency in the decentralized economic system, is a boon for communities and developers who want to be part of one the fastest growing, organically-growing ecosystems in crypto.
Avalanche, a blockchain that produces zero carbon, was recognized by the United Nations at the COP26 Conference. It is a revolutionary new era for eco-friendly, sustainable and net-zero digital transaction. Avalanche supports smart contracts and tools, which allows Ethereum developers and users to access decentralized applications with high performance and speed. Support for USDC will be available on Avalanche’s C-Chain, the default smart contract blockchain for the creation of Ethereum-compatible applications and assets with lower fees and faster transactions.

“Physical fiat currency is increasingly becoming a relic of the past – a trend which the COVID-19 pandemic has accelerated,”
John Wu, president of Ava Labs.

“A fundamental restructuring is necessary for legacy financial payments and infrastructure. It’s long overdue.” Avalanche, Circle and others will find solutions for these systemic problems together.
Circle, in addition to Avalanche now supports USDC across Algorand, Stellar, TRON and Hedera Blockchains. This allows for seamless interoperability between multiple blockchains and establishes USDC the standard way of value transfer on the internet.

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