Circle launches USDC stablecoin on Flow blockchain

Circle, the operator of USD Coin (USDC), announced the release of the stablecoin on the Flow blockchain from Dapper Labs.

🌊 We’re raising the curtain on Flow USDC! It’s now easier than ever to access native #USDC liquidity on the @flow_blockchain, alongside the full suite of @circlepay APIs and treasury management products. https://t.co/1EmRcuY0dk

— Circle (@circlepay) January 31, 2022

On the platform launched in 2019, well-known NFT apps such as CryptoKitties and NBA Top Shot, as well as many other dapps, operate.

“Flow has become a popular hub for thriving communities of developers, artists, creators and brands building their own digital media and entertainment services on the blockchain,” said Circle co-founder and CEO Jeremy Allaire.

In addition to Flow, Circle supports USDC on Ethereum, Algorand, Solana, Stellar, Tron, Hedera and Avalanche.

As of writing, nearly 50 billion USDC are in circulation (CoinGecko). According to Circle, more than 1.3 million addresses actively interact with the stablecoin.

In January 2022, the supply of USDC on the Ethereum blockchain first surpassed the market leader Tether (USDT).