Circle Continues USDC Stablecoin Spotlight Showcasing BitBay, Kyber and Uniswap USD Coin Support
The USDC stablecoin has grown exponentially since its launch, featuring on several prominent exchange platforms across the world. Most recently, the cryptocurrency was added to the BitBay trading platform, an exchange that operates in Europe. It was also added to the Kyber Network and Uniswap, both of which are token swapping platforms.
To date, USDC has partnered with several entities, including crypto wallets, exchange platforms, DApps, and blockchain-based protocols. These partnerships have not only increased the popularity of USDC, but also its market capitalization value. At the time of writing, USDC was the second largest stablecoin as per market cap value.
- BitBay is a leading cryptocurrency exchange based in Europe. With almost 1 million registered users, it offers a potentially huge market for USDC.
- The Kyber Network allows users to swap their decentralized tokens in exchange for an array of digital assets. It is widely used by popular wallets and apps as a means of tokenizing crypto assets for easy swapping.
- Uniswap is a decentralized token exchange platform. Lately, its client numbers have been on the up.
According to the team behind USDC, crypto traders should expect more additions to the USDC ecosystem in the near future.
The USDC stablecoin was established by the CENTRE Consortium, a product of the partnership involving Coinbase and Circle. The consortium’s objective is to promote the mass adoption of stablecoins.