USDC Ecosystem Spotlight: USDC crosses $300 million in market cap and has support from nearly 100 companies
USDC this week surpassed $300 million in market cap (including Circle activity) and earned the support of six new companies, bringing to nearly 100 the number of exchanges, protocols, platforms, applications, wallets and service providers that are part of the USDC ecosystem.
USDC, launched in September, is now the second largest stablecoin by market cap and a top 25 crypto asset. It’s listed on dozens of crypto exchanges across the globe, including as a quote currency for some of the most actively traded assets.
With the addition of Coinomi, Citowise, Kaiserex, Raisex, Zeppelin, and Exodus, the number of companies supporting USDC approaches 100. Coinomi, Citowise and Exodus are the latest wallet providers to allow their customers to safely store, transfer and use USDC. Kaiserex and Raisex join other crypto asset trading platforms providing support for the fiat backed stablecoin developed by the CENTRE Consortium. Finally, Zeppelin, the leading provider of in-depth security audits, has recently worked with CENTRE to ensure the high-quality of its smart contract systems.
The CENTRE Consortium, a joint venture co-founded by Circle and Coinbase, introduced USDC 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.
You can learn more about USDC here, and tokenize or redeem USDC with both Circle and Coinbase. You can go here to read the monthly reports on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP.
Originally published at blog.circle.com on January 8, 2019.