USD Coin (USDC), the second largest stablecoin after Tether (USDT), will operate on 15 blockchain networks in the next 2 months, after 6 more blockchain networks are added, including Base, Optimism, and Polygon PoS, Fortune reports.
These networks include Base, Cosmos, NEAR, Optimism, Polkadot, and Polygon PoS networks.
Fortune stated that this announcement will be made in the coming hours.
The following statements were included in the article:
“According to Circle, USDC, already available on Ethereum, Stellar, Avalanche, Arbitrum, Algorand, Tron, Flow, Solana, and Hedera, will be available on additional blockchains from September, and Polygon PoS will arrive in October.
The company had previously announced plans to add Polkadot, NEAR, Optimism, and Cosmos in 2023.
The availability of USDC on other blockchains causes the USDC market to differ from its peers.”
USDC's biggest competitor, Tether, is currently available on 14 blockchains.
*Not investment advice.