Polkadot, a Web3 interoperability blockchain, has started counting down to the September launch of USDC, a massive stablecoin.
By introducing USDC on five new blockchain ecosystems, including Polkadot, during the month of September and a sixth chain, Polygon PoS, in October, Circle, the USDC issuer, is gearing up for a “Stable September” to remember.
The multi-chain extension will result in a rise in USDC’s native availability from nine to fifteen ecosystems.
This follows the recent push to deploy programmable wallets, the Circle Web3 Services pillar, and the Cross-Chain Transfer Protocol (CCTP) on the mainnet. Developers would be able to create using USDC on a strong basis after it is included into six more blockchain ecosystems.
Through the Asset Hub parachain, Circle plans to introduce USDC to the Polkadot ecosystem, enabling USDC to circulate across the independently managed ecosystem of parachains by means of the XCM protocol.
Polkadot network growth and price
The Polkadot blockchain’s weekly report was tweeted earlier this week by Polkadot Insider, a well-known X account that disseminates Polkadot ecosystem information.
The research states that 3,600 individuals were actively using the blockchain last week, which processed 6,900 transactions on average. Core developers also had an average score of 172. This is crucial since, according to its GitHub submissions, Polkadot is one of the most developed assets in the market.
Polkadot has a market value of $5.45 and is the eleventh biggest cryptocurrency according to statistics from CoinMarketCap. At the time of publication, DOT was trading at $4.48, up 1.71% over the previous day. The weekly loss for the coin is around 6%. This is because of the large sell-off that occurred during the last week.
