The ecosystem for USD Coin (USDC) continues to grow around the globe with exchanges in Japan and Korea joining more than 50 companies to support the fiat-backed stablecoin.
Korea-based Korbit and Japan-based Liquid are just two of the latest exchanges to make USDC available for trading in recent days. Other exchange and trading platforms listing USDC include U.S.-based Thor Swap, Czech Republic-based Changelly, and Korea-based CPDAX. LendIndex, a blockchain-powered digital lending solution, announced it is adding USDC to their SME loan portfolio.
USDC trading volume on exchange platforms, including Circle activity, continues to grow, with the circulating supply now surpassing 134 million, bolstered by interest in a more transparent and compliant USD token from market participants. Customers can tokenize dollars into USDC and redeem USDC into dollars through both Circle and Coinbase, making USD Coin the industry’s first open, fungible and interoperable fiat stablecoin.
CENTRE Consortium, a joint venture co-founded by Circle and Coinbase, introduced USDC to establish a standard for fiat on the internet and providing a governance framework and network for the global, mainstream adoption of stablecoins.