Zero Hash Adds Support For USDC on Stellar Blockchain
CHICAGO, October 11, 2022 — Zero Hash, the leading B2B2C Crypto-as-a-Service provider, announced it has added support for USDC on the Stellar blockchain.
USDC is a stablecoin backed by cash and cash equivalents that intends to be redeemable 1:1 for U.S. dollars and, as such, is positioned as a key building block for payments use cases in the crypto economy. Stellar is an open-source network that seeks to connect the world’s financial infrastructure by enabling transactions that take seconds to clear and can cost significantly less than Layer 1 (L1) networks like Ethereum and Bitcoin.
Stellar USDC (symbol USDC.XLM) enables seamless, near-instant, low-cost cross-border payments, remittances, and next-gen treasury management To date, Stellar USDC has had total payment volume of more than $7.7 billion and nearly 40,000 accounts with trustlines created. (Source: Circle)
USDC on the Stellar network is now enabled for deposit and withdrawal functionality on the Zero Hash platform. Liquidity support will become available in the coming weeks. For more details, head to the updated release notes.
Zero Hash’s mission is to provide maximum flexibility, and our platform now supports USDC on Arbitrum, Fantom, Polygon, Solana, Hedera, and Stellar blockchains. USDC’s multi-chain support is intended to increase USDC’s native availability and enables blockchain developers building on USDC and their users to experience greater liquidity and interoperability within the crypto economy. (Source: Circle). For the full list of supported assets, please refer here. Zero Hash cryptocurrency service may not be available in all states. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.
We love to hear from our community. Reach out to us with any questions and suggestions on what digital assets we should add to the roadmap. Get in touch at [email protected].
Sources:
- “Multichain USDC | Ethereum, Solana, Algorand, Stellar, TRON.” Circle, https://www.circle.com/en/multichain-usdc. Accessed 10 October 2022.
- “Circle Announces Next Wave of USDC Support for Multi-chain Ecosystem.” Circle, 28 September 2022, https://www.circle.com/en/pressroom/circle-announces-next-wave-of-usdc-support-for-multi-chain-ecosystem. Accessed 10 October 2022.
