Circle’s USDC Stable Ecosystem Spotlight Continues to See More Exchanges Add Support

The IDCM exchange together with other five projects have just gone ahead to announce they will be supporting the USD Coin, USDC, in just the recent days.

Thus, this has been able to bring more than 75 of the current exchanges, platforms, protocols together with applications and wallets that have taken part in the leading role in making the USDC be the second largest asset-backed stablecoin just by the market capitalization.

The IDCM Is Among The Largest Crypto Exchanges

The ICDM has been considered to be among the largest crypto exchanges that are currently around the globe, and it has become the lasts trending platform that has been able to provide the needed support for the fiat backed stable coin that has been developed by the center.

The platform has also joined some of the major exchanges where they had already used the USDC for trade ever since its launch three months ago. It is including exchange platforms like Huobi, OKEx, Bitfinex, Digifinex just to name a few.

There have also been other crypto exchanges who have shown their support to the USDG; this is including Loopring and the ChangeNow platform. The Alpha Wallet has not been left behind as it also allows its customers to be able to easily transfer, store and use the USDC with the use of various dApps.

The Salt Lending, which has been designed as a crypto-powered digital lending solution, will go ahead to add the USDC to their current loan portfolio. Not forgetting, XinFin, which is an open source blockchain platform that has a hybrid design has also joined the bandwagon of providing the needed support for the use of the USDC on their platform.

There Have Been Other Milestones Achieved

The supporters who have recently come aboard have just joined when a few other milestones have been achieved within the week by the USDC, which are the following.

  • The USDC was able to pass the $220 million market capitalization, and this is including the circle activity.
  • They also went ahead to release the second monthly attestation report that was done on the US dollar reserves that are backing the USDC that was issued by the independent accounting firm, the Grant Thornton LLP.
  • There was also an announcement made by the Silvergate Exchange Network, SEN, that it would be supporting the US Dollar Coin redemption and issuance. Thus, this was able to give the USDC the unmatched speed of being the fiat off-ramp that is between the USD and the crypto.

But all this will not stop here as they will be working on ways they can expand the ecosystem of the USDC in the coming months. Ensure to keep yours peeled.

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