Circle Internet Financial will issue USDC stablecoin on Stellar, launching by February 2021. The asset will enable businesses to build payment apps with reliable access to tokenized USD for cross-border transactions.
Circle Internet Financial, part of the Centre Consortium with Coinbase, will issue USD Coin (USDC) on the Stellar network by February 2021. USDC is a fully reserved stablecoin redeemable 1:1 for US dollars. Developers can integrate USDC into Stellar apps via Circle's Business Accounts using API or GUI, with free multi-chain swap services. Anchors complying with SEP-24 standards will offer on/off-ramps for fiat deposits and withdrawals. The move unlocks payment applications leveraging Stellar's cross-border capabilities and provides businesses with deep global liquidity for reliable USD access worldwide.
