Native USDC is here on Moonbeam via XCM from Polkadot – but what can it do? This integration brings the best of both worlds, linking traditional finance with the blockchain universe by bringing popular Circle stablecoin to the Polkadot ecosystem. Now, users and developers can tap into the power of USDC within the Moonbeam network.
Popular Moonbeam applications like Moonwell, FiDi, StellaSwap, and Gamma are all about USDC compatibility.
USDC is freshly minted on the Polkadot Asset Hub, a parachain built for managing digital assets on Polkadot. This means USDC tokens, fully reserved and backed by good old US dollars, are born right within the Polkadot ecosystem. This native issuance ensures the stability and trustworthiness of USDC within the Polkadot network. Plus, it’s super easy for users to get their hands on USDC.
Ready to use your USDC on Moonbeam?
Here’s a sneak peek into what makes Moonbeam truly extraordinary – the incredible apps and platforms that are set to transform your experience with USDC.
Users can access markets for lending and borrowing, allowing them to use their USDC holdings or secure loans using USDC collateral.
Within the next 3 months, users will have the opportunity to manage USDC native liquidity pools to provide liquidity to the platform.
Users can bridge and swap assets on FiDi, powered by Li.Fi technology, for Moonbeam and Moonriver. This feature is currently live in beta, offering convenient asset transfer options.
Although not currently supported, within the next 3 months, users will be able to transition their assets between pools using native USDC.
These exceptional apps are just a glimpse of what’s in store for you on Moonbeam. The stage is set, and the spotlight is on you. Get ready to dive in and experience the future of DeFi, powered by Moonbeam’s innovation and the limitless potential of native USDC!
The integration of UDSC into the Moonbeam ecosystem marks a significant stride towards achieving true blockchain interoperability. Moonbeam’s commitment to facilitating seamless cross-chain interactions opens the door to endless possibilities for developers and users alike. With UDSC joining the ranks of Moonbeam-compatible assets, the Moonbeam community can look forward to a future filled with innovation and boundless financial possibilities.