Stellar Development Foundation moved $150 million of USDC on-chain to provide debt financing and working capital loans to ecosystem projects, expanding financial support beyond grants to accelerate growth in cross-border payments and remittances.
The Stellar Development Foundation announced it has moved $150 million worth of Stellar USDC on-chain to create a flexible capital pool for debt financing and working capital loans to ecosystem projects. This complements SDF's existing grant programs and equity investments, which have distributed over $57 million in the past couple years. The on-chain USDC will support payment companies, lending businesses, and projects focused on cross-border payments and remittances. By leveraging Circle's fully reserved USDC stablecoin on Stellar, which offers near-zero transaction costs and 5-second finality, SDF aims to remove liquidity roadblocks for fast-growing projects and reinforce Stellar USDC as the primary stablecoin for global settlement on the network.
