Skip to main content
TRON: USD Coin Will Become Available On TRON
Tron | TRX

TRON: USD Coin Will Become Available On TRON

By June 30, 2021No Comments

Circle and Coinbase’s very own stablecoin USDC will become available on the TRON blockchain and it is one of the ten new blockchain platforms that have added USDC support.

The addition of USDC to the TRON blockchain enables users to take advantage of TRON’s real-time transaction speeds, scalability, and cost-efficiency.

TRON is currently working on the development of the TRC20-USDC and updates would be announced soon.

Previously USDC was initially launched on the Ethereum, Algorand, Stellar, and Solana blockchains.

What is USD Coin?

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.

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.

USDC was first announced in May of 2018 and was launched in September of the same year.

Asides from their partnerships with different blockchains, they recently have a partnership with the largest financial services corporation Visa to allow the use of USDC for transactions on their payment network.

What is TRON?

TRON is a blockchain-based decentralized platform that was founded by Justin Sun. TRON aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content. TRON is dedicated to building the infrastructure for a truly decentralized Internet.

TRON’s support for USDC is one of the projects that we need to keep an eye on and this partnership is good, but it can definitely grow rapidly in the following months, just like the previously supported stablecoins by TRON.

For more news and updates, see Tron Spark.

Comments

Jino Tokieda

Meet Jino Tokieda, a skateboarder for over two decades and a proud father of two. Jino is a unique individual, as he is a Japanese Filipino, and brings a unique perspective to his writing. With over 21 years of experience in the skateboarding world, Jino has a wealth of knowledge and experience to share with others. In addition to his skateboarding career, Jino has also worked as an account executive for a global photography company, giving him a diverse background and a unique perspective on the world. Since 2020, Jino has been writing articles for Tron Spark and has been involved with the TRON crypto community for a few years. With his vast knowledge and experience, Jino is sure to provide valuable insights and information to his readers.

Recommended For You

Tron | TRX

Nansen: Joins Forces with TRON DAO Pioneering a Game-Changing Alliance in Blockchain Analytics

Jino TokiedaMay 24, 2023
Tron | TRX

TRON Blockchain: Surpasses 160 Million Accounts, Demonstrating Impressive Growth

Jino TokiedaMay 16, 2023
Tron | TRX

Houdini Swap: Introduces Seamless Cross-Chain Swaps for TRON Native Token

Jino TokiedaMay 9, 2023
X
CoolWallet: Now Supports TRX and TRC20 tokensTron | TRXCoolWallet, a credit card-sized Bluetooth hardware wallet that allows for the secure storage of various cryptocurrency coins and tokens, announced tha…

TRON: USD Coin Will Become Available On TRON

 
X
Score Milk Update – July4, 2021Score MilkDevelopment This week the development team has implemented the clone version of the snake game utilizing the different variations of gaming architectu…