USDC Ecosystem Spotlight: 5 new companies announce support for USDC
The ecosystem for USD Coin (USDC) continues to evolve with five new companies across multiple continents announcing support for one of the most preferred stablecoins on the market.
The new projects — Bitpanda, Crypterium, Nexo, Nitrogen, and Chainalysis — join the more than 100 exchanges, protocols, platforms, applications, wallets and service providers that are part of the USDC ecosystem. They are all playing a critical role in driving interest in and adoption of crypto assets.
Bitpanda, a leading crypto exchange platform based in Austria, has recently announced support for USDC. Customers can buy and sell USDC using the various European payment rails supported by the platform.
Crypterium is a mobile wallet and companion card solution that allows customers to store and transfer digital assets, and also use them for payments at over 40 million terminals across the world. Crypterium is adding USDC as a supported stablecoin to their platform, and soon holders of USDC will be able to use it to make card payments around the globe.
Nexo has recently announced they are supporting USDC in their Earn Interest product. Nexo customers can earn compounding interest on their USDC balances paid out daily and starting from day 1, with no minimum deposit amounts required.
Nitrogen has added USDC to their decentralized P2P lending platform as loan and collateral asset. Nitrogen Launchpad is a user-friendly experience that allows customers to get instant crypto-collateralized loans denominated in USDC.
Chainalysis, the leading blockchain intelligence platform, has announced support for USDC on their Reactor product. Chainalysis customers can now perform real-time transaction monitoring and investigations on USDC transactions on the Ethereum blockchain.
USDC was introduced by the CENTRE Consortium, a joint venture co-founded by Circle and Coinbase, to establish a standard for fiat on the internet and provides a governance framework and network for the global, mainstream adoption of asset-backed stablecoins.