Tron (TRX) Blockchain Now Supports USDC, a Major Tether Competitor

Kavya  |  Jul 2, 2021

The second most popular stablecoin, USDC, is now supported by the Tron (TRX) blockchain. Circle adds Tron (TRX) as the sixth platform for stablecoin's heavyweight.

Tron Blockchain Is Now Supporting USD Coin (USDC)

Circle's primary asset, USD Coin (USDC), has officially been supported on its fifth blockchain, Tron, according to an official announcement (TRX).

USD Coins (USDC) were formerly accessible on Ethereum (ETH), Solana (SOL), Algorand (ALGO), and the Stellar Network (XLM).

Jeremy Allaire, Circle's CEO and Co-Founder emphasize the importance of Tron (TRX) and its smart contracts to the global stablecoins ecosystem:

“TRON has created a massive and extremely successful blockchain platform and network, and it is one of the most commonly utilized in stablecoin transactions. We are delighted to provide the benefits of a trusted dollar digital currency like USDC to this expanding community of consumers and developers.”

The best digital assets services vendor has smoothly incorporated Tron-based methods into Circle's payment account system and API architecture.

Greater Blockchains Equals More Liquidity

As a result, Tron (TRX) customers now have an additional fiat gateway: Circle Accounts and Circle APIs give dApps developers with on-ramps and off-ramps for topping up crypto-to-fiat instruments. Circle's tools accept wire transfers, ACH transfers, credit card payments.

Because USD Coin (USDC) is the world's fastest-growing stablecoin in terms of market capitalization, Tron founder Justin Sun is optimistic about the need for the new solution:

“I'm overjoyed to see USDC support on TRON since there is an inexhaustible demand for the world's fastest-growing stablecoin, and I can't wait to see what end users can accomplish with USDC.”

Avalanche (AVAX), Celo (CEL), Hedera (HBAR), Nervos (CKB), Polkadot (DOT), Stacks (STAX), and Tezos are among the previously unknown platforms to which the USD Coin (USDC) team has announced that the stablecoin would be expanded (XTZ).

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