{"id":19253,"date":"2023-03-29T05:42:41","date_gmt":"2023-03-29T05:42:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/noble-partners-with-circle-financial-to-integrate-usdc-on-cosmos-blockchain-news-bitcoin-news\/"},"modified":"2023-03-29T05:42:41","modified_gmt":"2023-03-29T05:42:41","slug":"noble-partners-with-circle-financial-to-integrate-usdc-on-cosmos-blockchain-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/noble-partners-with-circle-financial-to-integrate-usdc-on-cosmos-blockchain-news-bitcoin-news\/","title":{"rendered":"Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain \u2013 News Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle\u2019s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks.<\/strong><\/p>\n

USDC Native Support Is Coming to the Cosmos Blockchain<\/h2>\n

Noble<\/a>, a token issuance protocol startup, has revealed the Cosmos network of IBC protocols will support USDC. The team introduced<\/a> Noble last week in a blog post that describes the protocol as an \u201capp-chain purpose-built for native asset issuance in Cosmos and the boundless Inter-Blockchain Communication (IBC) ecosystem.\u201d On Tuesday, Noble announced<\/a> its partnership with Circle Financial to bring USDC to the Cosmos ecosystem.<\/p>\n

\u201cThis is a huge moment for our ecosystem,\u201d Noble said on Tuesday. \u201cCosmos has never had a native, fiat-backed stablecoin that is highly liquid [and] fully collateralized. For the first time in Cosmos history, 50+ IBC-enabled blockchains will soon be able to access USDC natively via IBC,\u201d Noble added. Circle Financial also confirmed the partnership on Tuesday and said<\/a>, \u201cWe\u2019re excited to bring USDC to Cosmos. USDC is expected to launch on [Noble] soon, stay tuned for details.\u201d<\/p>\n

After USDC becomes native to Cosmos, it will be the ninth blockchain where the stablecoin is natively hosted. Currently, USDC is hosted natively on Ethereum, Solana, Avalanche, Tron, Algorand, Stellar, Flow, and Hedera. Additionally, USDC is bridged to Arbitrum, Near, Fantom, and Polygon. While it was previously bridged to Cosmos, it was not hosted in a native manner. Noble says that this new native support will help overcome challenges with bridging techniques.<\/p>\n

\u201cThis integration will catalyze hundreds of millions of dollars in liquidity over the coming months in Cosmos, and will seek to rectify the challenges that users and appchains face when interacting with bridged assets,\u201d Noble detailed. Neither Noble nor Circle have disclosed the official launch date, but Noble stated that further announcements on asset integrations are coming, including the official launch date for USDC on Noble.<\/p>\n

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adoption<\/a>, Algorand<\/a>, Arbitrum<\/a>, Asset<\/a>, Avalanche<\/a>, Blockchain<\/a>, Bridged<\/a>, Bridges<\/a>, Bridging USDC<\/a>, Challenges<\/a>, Circle<\/a>, Circle Financial<\/a>, collateralized<\/a>, Cosmos<\/a>, Cosmos Noble<\/a>, Cosmos USDC<\/a>, Cryptocurrency<\/a>, Decentralization<\/a>, Digital<\/a>, Ecosystem<\/a>, Ethereum<\/a>, Fantom<\/a>, Fiat-backed<\/a>, Finance<\/a>, Flow<\/a>, hedera<\/a>, Hosted<\/a>, IBC<\/a>, Innovation<\/a>, integration<\/a>, interoperability<\/a>, issuance<\/a>, Liquidity<\/a>, market<\/a>, native<\/a>, Native USDC<\/a>, NEAR<\/a>, networks<\/a>, Noble<\/a>, Noble Cosmos<\/a>, partnership<\/a>, Polygon<\/a>, protocol<\/a>, Solana<\/a>, Stablecoin<\/a>, Stellar<\/a>, technology<\/a>, Token<\/a>, tron<\/a>, usd coin<\/a>, USDC<\/a>, USDC Cosmos<\/a><\/div>\n<\/div>\n

What impact do you think the integration of USDC on the Cosmos blockchain will have on the overall stablecoin market? Share your thoughts about this subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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