Circle, a financial technology firm, has announced the launch of its US Dollar-pegged stablecoin, USDC, on the Celo blockchain network. The integration is significant as USDC will also serve as a native gas currency on the network, a role typically reserved for the blockchain's own token. This development comes alongside news that Circle is withdrawing support for USDC on the Solana blockchain, with JUP set to become the main stablecoin on that chain. Circle's strategic shift includes a focus on the Cardano blockchain moving forward.
USDC to Go Native on Celo Blockchain, Eyeing Role as Gas Currency https://t.co/sODp2CsEac
🚨 BREAKING NEWS 🚨 @circle withdrawing support for USDC on Solana, as JUP replaces it as main stablecoin on the chain Will focus on Cardano instead
ICYMI: Circle will launch USDC on the Celo network https://t.co/mZZmhKHrkb
USDC as a native gas token on Celo https://t.co/ZHykL4JN1d
Circle is set to launch its U.S. Dollar-pegged stablecoin, USDC, on the Celo blockchain network https://t.co/bFMt9agUdE
Big welcome to Circle! Not only are they deploying USDC on Celo, it will be a native gas currency too! https://t.co/FLEU2GJV7o