Smartlands has teamed up with agricultural trading platform Agroxy, where more than 15,000 farmers can execute transactions using USDC on Stellar blockchain for selling their agricultural goods. Many of these farmers are based in East Africa with a primitive banking system. Stellar’s involvement in the project will enable farmers with cheaper access to an alternative financial system. Smartlands also has been quite active in supporting the disadvantaged population.
USDC On Stellar Blockchain Opens Newer Avenues for Growth
As announced two months earlier, USDC will be issued on the Stellar blockchain from the first quarter of 2021. The stablecoin was initially launched on the Ethereum blockchain with later on extending to Algorand. Currently, there are 2.8 billion USDC in circulation.
According to the CEO of the Stellar Development Foundation (SDF), Denelle Dixon, the addition of USDC to Stellar will open newer avenues for growth and innovation for developers and companies that are built on the network. He also highlights that the vision of SDF includes building a financial system where everyone can access, whether an individual or a business, regardless of geographical limitations.
Stellar also view that the creation of USDC and EURB on its blockchain is innovative as it will allow investors in Europe to purchase tokens with Euro and US dollar stablecoins. This further removes investors’ dilemma concerning risks associated with exchange rates.
Smartlands to tokenize More than 1,000 Homes
Smartlands will tokenize more than 1,000 homes and list them on their secondary market Smartlands bulletin board. The platform is currently under negotiations with large real estate owners from several countries.
The intention of the platform includes tokenizing the assets while issuing tokens on the Smartlands network. This will then result in listing on its secondary market on the Smartlands bulletin board. Smartlands is a global platform for the tokenization of assets through the issuance of security tokens.