Five More Companies Partner with Circle as USDC Coin Thrives in Stablecoin Token Boom
Circle, the cryptocurrency platform supported by Goldman Sachs, has been enjoying many successes lately. One of the most recently announced changes is the increase in support from other companies and exchanges.
Based on a new blog on the official website, which was published today, Circle now has partnerships with five new companies. The new companies include AirSwap, Atomic Wallet, Abacus Protocol, BlockMyTalent, and Opensea. On the Circle blog, the platform commented,
“The new supporters comes just days after we released the first attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP.”
Much of the appeal of USDC is the fact that it is based in Ethereum as an ERC-20 coin. Since this type of coin is compatible with so many exchanges, wallets, and other smart contracts, the token seems to be more of a safe place that anything else. Along with the additions of new partners with Circle, there are also several exchanges that allow USDC deposits for their wallets and trading in pairs, like Binance.
To appeal to a broader range of investors, there are no more fees charged by Circle for anyone that wants to convert their USDC tokens into US dollars. Being a stablecoin, it is the subject of much discussion in the crypto community.
These types of assets make for safer trading and usage in global capital markets. While there is some competition between other stablecoins, Circle’s BitLicense in New York provides more security as an audited alternative. Promoting the addition of the new partners, CENTRE posted the Medium blog to Twitter, captioning it by saying,
“We’re excited to share that Abacus protocol, AirSwap, Atomic Wallet, BlockMyTalent and Opensea are the latest companies to join the USD Coin ecosystem #USDC @atomicwallet @AbacusProtocol @airswap @BlockMyTalent @projectopensea”