SUN, the first integrated platform for stablecoin swap, stake-mining, and self-governance on TRON has officially added USDC pool (USDC+3SUN) as its newest stablecoin pool.
The newly added stablecoin pool will be supporting swaps among USDC, USDT, USDJ, TUSD, and between USDC/3SUN.
✅Launch a new #stablecoin pool: #USDC Pool (#USDC+#3SUN)
✅Launch a #USDC LP on #GovernanceMining
✅Add the vote for the weights of #USDC liquidity pool athttps://t.co/zfANevtpbE pic.twitter.com/KF9htOdF7R
— SUN.IO (@defi_sunio) August 3, 2021
SUN users can vote for the weights of the USDC liquidity pool and they can add and remove liquidity by depositing or withdrawing USDC, USDT, TUSD and USDJ or 3SUN directly.
The launch of the staking-mining pool of USDC LP have allowed SUN users to stake tokens in order to partake in governance mining and earn rewards.
What is USDC?
USDC is a digital stablecoin that is pegged to the USD and it was founded by Circle, a global financial technology firm and the cryptocurrency exchange Coinbase.
USD Coin is managed by a consortium called Centre, which is an open-source technology project by Circle and Coinbase.
TRON USDC is now live across all @circlepay products! For the first time, customers around the world can access #USDC within the #TRON ecosystem via the Circle Account and Circle APIs. Read the blog and learn more about the expansion of USDC 👇https://t.co/7XQpsj7SWU
— Circle (@circlepay) July 1, 2021
USDC was first announced in May of 2018 and was launched in September of the same year.
Currently, USD Coin is the 2nd largest stablecoin in the market behind USDT (Tether) and it has a market cap of over 25 Billion USD.
What is SUN?
SUN is a social experiment and it focuses on the DeFi potential of TRON. It is designed as the quintessential Bitcoin equivalent on the TRON network. The company has no VC investments, no PE investments, no pre-mining or reserves for the team, and is wholly operated by the SUN community through its open-source smart contracts.
— SUN.IO (@defi_sunio) July 29, 2021
Since the addition of the USDC on the TRON blockchain last June, the demand for the USD Coin has continued to grow and expand throughout the blockchain and generated more interest from the TRON community.
Now, launched as an additional stablecoin pool on SUN makes it more even better for the community as they can both enjoy the advantages of the USDC Pool on the SUN platform.
For more news and updates, see Tron Spark.