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USDC arrives on the Bitcoin SV blockchain
USDC arrives on the Bitcoin SV blockchain
Stable Coin

USDC arrives on the Bitcoin SV blockchain

By Alfredo de Candia - 23 Sep 2020

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Run On Bitcoin, a protocol that allows tokens to be created on Bitcoin SV (BSV), analogous to the ERC20 standard, has announced that USDC will arrive on this blockchain through a close partnership with RelayX. 

A couple of months ago a project was launched, in alpha version, which allows creating tokens on the Bitcoin SV blockchain, following almost the same procedure for the creation of the famous ERC20. 

This new asset will exploit the RUN version, v.0.6, and will take the name USDC (RUN-SV) precisely to indicate the type of token that runs on the Bitcoin SV blockchain. 

This represents the first stablecoin of this blockchain, paving the way for a new trend, both for tokens and for a well-known and famous stablecoin such as USDC.

USDC on Bitcoin SV 

In order to receive these new assets, a dedicated token swap platform can be used to convert BSV to USDC (RUN-SV) and vice versa.

It is interesting to note that the platform already includes the possibility of creating liquidity pools. 

It therefore seems that decentralized finance (DeFi) is taking its first steps on the Bitcoin SV blockchain thanks to a stablecoin, an undisputed landmark in this sector.

Other tokens will surely be added since there are so many sectors in which to operate and it is only a matter of time before we see the birth of a decentralized exchange (DEX), other stablecoins and so on.

The latest news about Bitcoin SV

Recently this blockchain has expanded its functions thanks to the Bico.Media service, which allows loading any type of format without any limits. 

In practice, Bitcoin SV can thus serve as decentralized storage for uploading data and digital content.

In addition, at the end of August BSV landed on the Emirex exchange where the BSV/USDT and BSV/EUR pairs were added.

 

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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