USDC Stablecoin Passes $300 Million Market Cap Along with Boasting Over 100 Companies Support
The week has been great for USDC as it was able to surpass the $300 million in its market cap, this is including the activity that has been taking place in Circle.
From this, the company was able to earn support from about six new companies in the market, with this addition it has brought nearly 100 in terms of the number of exchanges taking place, platforms, protocols, wallets, applications and the various service providers that have now been made part of the vibrant USDC ecosystem.
More On The USDC Company
It was launched back in September, a company that has been gradually growing as it is the second largest stable coin that is present, this is by the market cap together with the top 25 crypto assets that are in the market.
The company has been able to make headway as it is listed on a number of crypto exchanges that are in the market, not to mention it is also included as a quote currency for the assets that are considered to be actively traded.
The company proves to be promising as they have almost 100 companies that are supporting it, it is the likes of Coinomi, Raisex, Citowise, Zeppelin, Kaiserex and the Exodus. The latest wallet providers to join in the USDC ecosystem is Exodus, Coinomi, and Citowise; they allow their customers to go ahead and store, use and safely transfer USDC.
Raisex and Kaiserex went ahead to join the other crypto asset trading platforms; it is to ensure they are able to provide adequate support for the fiat backed stable coin that has been designed by CENTRE Consortium. And Zeppelin, which is the leading provider of the in-depth security audits has also worked with CENTRE just recently; this was to ensure that they have high-quality systems being used for their smart contracts.
The CENTRE Consortium
The CENTRE Consortium has been established as a joint venture that has been co-founded by the Circle together with Coinbase. From this is where the USDC was introduced to help in the establishment of a standard used for fiat on the net plus being able to provide the needed governance network and framework; one that is used for the global adoption of the new asset-backed stable coins.
To learn more about the USDC just go to their official website, and from here you will also be able to either redeem or tokenize your USDC with either Coinbase or the Circle. There are also monthly reports for you to browse through, just to give you a clear picture of the USDC.