Today, Centre is excited to announce that USD Coin (USDC) is live on the Flow network. The fast and secure developer-friendly architecture Flow is known for has made it a top destination for crypto-native gaming, apps, and creator communities. USDC, the fastest-growing digital dollar on the market, is already available on Ethereum, Algorand, Avalanche, Hedera, Stellar, Solana, and TRON, and the addition of Flow will offer secure and transparent transactions to a new and fast-growing user base of digital natives and creatives. Having recently crossed $48 billion in market capitalization, USDC continues to provide the foundational layer for a multi-chain crypto ecosystem.
Launched in 2019 by Dapper Labs, Flow has quickly become the digital home for artists, developers and content creators. Centre’s mission is to connect the world through a global network of fiat-backed stablecoins and financial services, and Flow is advancing that goal by simplifying new project development within their ecosystem. This enables previously unattainable financial opportunities and empowerment with the potential to uplift millions.
“We are very pleased to add Flow to the USDC network. The integration of native USDC will enable a wide range of opportunities- from frictionless DeFi to enabling faster, easier payments for creators in a trusted and transparent manner”, said David Puth, CEO of Centre.
While crypto adoption grows, and the Flow blockchain continues to scale, creators and developers remain focused on offering opportunities for economic growth and community collaboration on the Flow Playground. Whether building NFTs, collectibles, on-chain currencies, or marketplaces to trade these items, Flow’s composable structure makes it easy to establish ownership in the digital economy, and the integration of Flow USDC makes the exchange of real world value even more attainable.
As a proof-of-stake blockchain, Flow is built with an emphasis on scalability, composability, consumer onboarding, and developer accessibility. Like Centre, Flow prides itself as a trusted and transparent host and source for fully-secured transactions.
The team behind Flow have always been leaders and innovators when it comes to creating communities, including NFT games and digital collectables. The rise of play-to-earn gaming, the ubiquity of NFTs, and the on-chain representation of real world collectibles in the growing metaverse will change the way we bridge our physical and digital lives. The ability to process transactions for these innovations, securely, transparently, and instantaneously- anytime, anywhere- will create a global community on a scale we never before thought possible.
We are excited to see what the Flow community will build on USDC and on future Centre standard projects.