Circle's USDC Expansion On NEAR Signals Resilient Multi-Blockchain Future
Portfolio Pulse from Khyathi Dalal
Circle, the issuer of USD Coin (USDC), has introduced native stablecoin liquidity access on the NEAR Protocol ecosystem. This follows Coinbase's recent purchase of a stake in Circle to reshape the governance and financial dynamics of USDC. Circle's expansion of partnerships and integrations includes a recent partnership with Mercado Libre to introduce USDC to Mercado Pago, and the launch of a native version of USDC on Coinbase’s Layer 2 Base network.
September 14, 2023 | 8:51 pm
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POSITIVE IMPACT
Circle's introduction of USDC on the NEAR Protocol could increase the usage and demand for the NEAR Protocol, potentially impacting its value.
Circle's introduction of USDC on the NEAR Protocol increases the utility and potential use cases for the NEAR Protocol. This could lead to increased demand for the NEAR Protocol, potentially impacting its value.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Circle's expansion of USDC on the NEAR Protocol and other platforms could increase the usage and demand for USDC, potentially impacting its value.
Circle's expansion of USDC on the NEAR Protocol and other platforms increases the accessibility and potential use cases for USDC. This could lead to increased demand for USDC, potentially impacting its value.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100