USDC

USDC Ecosystem Spotlight: IDCM crypto exchange, along with Alpha Wallet, ChangeNow, Loopring, Salt Platform, and XinFin the latest companies to support USDC

Joao Reginatto December 19, 2018

IDCM crypto exchange and five other projects announced support for USD Coin (USDC) in recent days, bringing to more than 75 the number of exchanges, protocols, platforms, applications, and wallets that have played a leading role in making USDC the second largest asset-backed stablecoin by market capitalization.

IDCM, one of the largest crypto exchanges in the world, is the latest trading platform to provide support for the fiat backed stablecoin developed by Centre. It joins other major exchanges where USDC is already traded since it was launched under 3 months ago, including Binance (where it is listed as a quote currency), OKEx, Huobi, Digifinex, Bitfinex, and many others.

Other crypto exchange marketplaces and platforms recently announcing support for USDC include ChangeNow and Loopring. Alpha Wallet now allows their customers to safely store, transfer and use USDC with various dApps. Salt Lending, a crypto-powered digital lending solution, will be adding USDC to their loan portfolio. Finally, XinFin, an open source hybrid blockchain platform provider, is also adding USDC support across their offerings.

USD-Coin

These supporters come amid a few other milestones for USDC this week:

  • USDC passed $220 million in market capitalization, including Circle activity
  • We released our second monthly attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. Read more here.
  • The Silvergate Exchange Network (SEN) announced support for US Dollar Coin (USDC) issuance and redemption, giving USDC unmatched speed as a fiat on and off-ramp between crypto and USD. Read more here.

We will continue to work to expand the ecosystem for USDC in the months ahead. You can learn more about USDC here, and tokenize or redeem USDC with both Circle and Coinbase.

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