Centre announced USDC stablecoin will launch on Stellar in Q1 2021, expanding the stablecoin beyond Ethereum and Algorand. Circle CEO Jeremy Allaire highlighted the value of Stellar's interoperability for ecosystem growth.
Centre, the consortium behind USDC stablecoin (led by Circle and Coinbase), announced plans to launch USDC on the Stellar blockchain in the first quarter of 2021. This expansion follows USDC's earlier launches on Ethereum and Algorand, bringing the stablecoin to a third major blockchain. With over 2.8 billion USDC in circulation, making it the second-largest stablecoin after Tether, the Stellar launch represents a significant step in broadening USDC's availability. Circle CEO Jeremy Allaire stated the move reflects confidence in Stellar's developer ecosystem and interoperability capabilities.