USDC officially logs in to the Stellar network and can be used in multiple Wallets.

Recently, the stablecoin USDC was officially launched on the Stellar (XLM) network. Users can now use USDC in any Stellar account through multiple major wallets. This move brings new life to the Stellar ecosystem, providing users with more trading options.

It is worth noting that the Stellar network has a huge ecosystem of over 9,000 assets, and the addition of USDC will undoubtedly further enrich this ecosystem. In October last year, Stellar was announced as one of the official support chains for USDC, and this official launch is a fulfillment of previous promises.

For businesses and developers, Stellar USDC can be easily accessed through the Circle account and its API services. Business users will be able to connect their bank accounts with Stellar USDC's minting, exchange, storage, sending, and receiving functions for smoother fund operations.

Some industry insiders said that the choice of Stellar as the backing chain for USDC is to further promote the expansion of stablecoins on the network. With its advanced technology and fast-growing ecosystem, Stellar is transforming the international payments landscape and creating a new generation of financial applications. The adoption of USDC on Stellar, a trusted stablecoin for the US dollar, will help accelerate the pace of innovation and scale adoption.

The design philosophy of the Stellar network in terms of cross-border payment and tokenization is highly consistent with the development direction of USDC. This fit has laid a solid foundation for the cooperation between the two parties and is expected to bring more convenience to users.

According to the latest market data, XLM is currently trading at $0.3442, up 1.66%; USDC was quoted at $0.9992, down 0.17%. Both cryptocurrencies are ranked 11th and 12th respectively in terms of market capitalization.

In addition, the Stellar Foundation has recently made a lot of moves in the development of its network. At the beginning of January this year, the Ministry of Digital Transformation of Ukraine selected the Stellar Foundation to participate in the development of its Central Bank Digital Currency (CBDC) project, demonstrating Stellar's influence and technical prowess in the field of digital currency.

The official launch of USDC on the Stellar network not only provides users with more choices, but also injects new vitality into the Stellar ecosystem. As more innovative applications emerge, Stellar is expected to play a greater role in the digital payments and fintech space.

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