Goldman Sachs’ backed USD Coin (USDC) By Circle Secures Six Exchange Listings

A recent news coverage done by AMB Crypto has described the ongoing support Circle has received for their newly launched stablecoin, USD Coin [USDC]. The week old stablecoin saw Circle as being its “first commercial issuer”.

The team also shared specs of the uses of the stablecoin in the following statement:

“Individuals and institutions can enroll in this service to deposit US Dollars from bank accounts, convert those dollars into tokens usuable everywhere the internet reaches.”

USDC Supporters

As for the new supporters lining up behind USDC, they have been disclosed as being:

Everbloom

Everbloom, a decentralized platform that uses blockchain technology for settlements. It supports Ethereum and ERC20 tokens, claims to deliver services that complies with US regulations and “provides the stability institutions” yearn for when it comes to entering the crypto world.

Hanbitco

An EOS-based exchange that is backed by global shareholders within the mining and crypto payments industry. It has since launched a voting tool dubbed, EOS BP Voting Tool, EOS Block Explorer and uses the EOS BP ‘HabitcoXeossey’ on its platform.

Dispatch Labs

Dispatch Labs is working towards extending the usefulness of Ethereum smart contracts to one that supports handling and accessing off-chain data, as per its official website. The team focuses more on use cases than anything else, and it seems like their goals entail aircraft manufacturing, autonomous vehicles, music, EMR, open market CDN and learning management systems.

HACERA

According to the claims made, HACERA’s primary focuses include trust and security, which led them to build the “world’s most flexible Enterprise-grade blockchain.” Simply put, they’ve extended their services such that enterprises can use blockchain to build and share products and services.

BitUN

BitUN is a crypto management app that uses the HIGGS blockchain to ensure business transactions are completed with ease. It is recognized for having launched the first ever “enterprise level crypto wallet”.

Cobo

Cobo, like the previous supporter, is a wallet designed to facilitate crypto trading.

Conclusion

Clearly, Circle has gained support from diverse projects, all of which aims towards bringing use cases of blockchain to society.

Due to the immense support, Circle trusts that “an open standard model” would eventually come into place to address ways in which the internet can support uses of traditional currency. The firm also revealed that most investors are looking for simplicity when it comes to trading, and this is something that they have been actively working towards.

To better understand why said support exists, learn more on the USDC right here: circle.com/en/usdc-faq