{"id":25925,"date":"2024-01-31T12:33:53","date_gmt":"2024-01-31T12:33:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/circle-expands-usdc-stablecoin-support-to-celo-blockchain\/"},"modified":"2024-01-31T12:33:53","modified_gmt":"2024-01-31T12:33:53","slug":"circle-expands-usdc-stablecoin-support-to-celo-blockchain","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/circle-expands-usdc-stablecoin-support-to-celo-blockchain\/","title":{"rendered":"Circle Expands USDC Stablecoin Support to Celo Blockchain"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Stablecoin issuer Circle is making significant strides by bringing its widely-used USDC stablecoin to the Celo blockchain, as announced by The Celo Foundation. The Celo protocol, boasting Ethereum Virtual Machine compatibility, is strategically transitioning into a layer-2 solution while positioning itself as a \u201cmobile-first\u201d blockchain.<\/p>\n<p>In a collaborative effort, Circle and The Celo Foundation are set to introduce <a href=\"https:\/\/igaming.org\/crypto\/circle-expands-usdc-stablecoin-services-with-full-license-in-singapore\/\">USDC on the Celo blockchain<\/a>. USDC, the second-largest US-dollar pegged stablecoin by market cap, follows only USDT issued by Tether. Currently holding the seventh position in the overall crypto market cap, USDC\u2019s arrival on Celo signifies a significant expansion for both platforms.<\/p>\n<p>Isha Varshney, Head of Strategy and Innovation at the Celo Foundation, expressed enthusiasm about the partnership, stating, \u201cWe want to be the best ecosystem for stablecoins, which has proven to be among the industry\u2019s prevailing use cases, as institutional investors come into Web3.\u201d<\/p>\n<h2><strong>Strategic Insights and Mobile-First User Base<\/strong><\/h2>\n<p>Shamus Noonan, Senior Manager of Business Development at Circle, highlighted the strategic alignment with Celo\u2019s mission-driven ecosystem. He emphasized Celo\u2019s reputation for providing swift, cost-effective global payments, foreseeing the partnership broadening access for USDC while leveraging Celo\u2019s mobile-first user base, particularly in regions with robust blockchain adoption.<\/p>\n<p>The move underscores Circle\u2019s commitment to facilitating broader utility for USDC and tapping into the growing mobile-centric user base that Celo has cultivated.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>At the time of writing, CELO, Celo\u2019s native token, is valued at $0.680, reflecting a 1.5% increase in the past 24 hours.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/circle-expands-usdc-stablecoin-support-to-celo-blockchain\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Stablecoin issuer Circle is making significant strides by bringing its widely-used USDC stablecoin to the Celo blockchain, as announced by The Celo Foundation. The Celo protocol, boasting Ethereum Virtual Machine compatibility, is strategically transitioning into a layer-2 solution while positioning itself as a \u201cmobile-first\u201d blockchain. In [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":25926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25925"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25925"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25926"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}