HomeCryptoAltcoinUSD Coin (USDC) launches new applications

USD Coin (USDC) launches new applications

USD Coin (USDC) has decided to expand the number of applications that use the stablecoin for their sales or financial services activities, thus becoming increasingly a digital representation of the dollar.

Recently, in fact, the applications Nuo network, Deconet, Wanchain and Loom have added it to their payment solutions.

Nuo Network is part of an ecosystem in continuous growth, based on an open platform that allows customers to make or grant loans also through the margin trade system using cryptocurrencies without, however, being granted custody on the platform.

Now, with the introduction of USD Coin into the application, they will be able to pledge or obtain ERC20 tokens in return for services in USD Coin, paying or obtaining in return the payment of interest on a daily basis.

It is basically a lending platform with cryptocurrencies as collateral which now also includes USD Coin.

Deconet is a marketplace for freelance activities where payment is made in stablecoins. Currently, the platform works on the basis of an invitation system and now USD Coin is part of the virtual currencies used for payments.

Wanchain, on the other hand, presents itself as a platform for the multi blockchain transfer of economic values, both through corporate and public chains, which recently also integrated USD Coin among the transferable values.

Loom is a layer 2 scaling solution that allows building highly scalable applications on the Ethereum blockchain. This solution has recently also integrated USD Coin into its PlasmaChain protocol, which allows making USD Coin payments across the platform and thus making these operations much faster and more efficient than those performed on the ETH blockchain.

More than 100 projects and exchanges are implementing or introducing USD Coin internally as a means of payment, making it one of the reference stablecoins on the market.

USD Coin has been created by the Centre consortium, which has among its founders the international payment system Circle, Coinbase, and was created with the aim of establishing a new standard for payment with stable virtual currencies.

Fabio Lugano
Fabio Lugano
Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.