Centre is pleased to announce that we are enabling our members to issue USDC on additional blockchain platforms. USDC was initially launched on Ethereum and was fully implemented on the Algorand, Stellar and Solana chains in late 2020. We anticipate that in the coming months, USDC will become available on Avalanche, Celo, Flow, Hedera, Kava, Nervos, Polkadot, Stacks, Tezos, and Tron.
From inception, our vision was to support USDC on multiple blockchain platforms. Bringing USDC to multiple chains enables users to take advantage of the speed, scalability and cost efficiency provided by next generation public chains. USDC on multiple platforms helps grow the internet of value and drive individual and enterprise adoption of open blockchain technologies. We believe that USDC implemented on multiple chains enhances network effects and supports wide interoperability among payment infrastructures.
At Centre we are pleased to collaborate individually with the project teams and communities supporting the blockchain platforms highlighted above. Each one brings exceptional technology and capabilities making it possible to exchange value between people and businesses at the speed of the internet. We anticipate that USDC on these blockchain platforms and multichain protocols will further accelerate the use of the world’s fastest growing digital dollar currency.
We look forward to providing further updates on the timing of the integration of USDC on each of these blockchain platforms in the coming days and over the balance of the year.