Circle announced USDC stablecoin support on Solana, partnering with Alameda Research and FTX. The expansion follows earlier additions of Algorand and Stellar, with Stellar support launching next year to boost USDC adoption in remittances.
Circle announced that USDC stablecoin will now be supported on the Solana blockchain, with partnerships including Alameda Research for OTC trading and integration with FTX and the Serum DEX. This expansion follows Centre's recent prioritization of multi-chain support, with Algorand added in September and Stellar coming next year. Circle CEO Jeremy Allaire highlighted how each blockchain serves different use cases: Solana appeals to high-speed traders with 300-millisecond transactions and minimal fees, while Stellar support could enhance USDC's relevance in remittance markets. USDC, the second-largest stablecoin with $2.7 billion in supply, now spans multiple blockchains beyond its original Ethereum launch.