Algorand (ALGO)
$0.268396 (2.31 %) View coin |
USD Coin (USDC)
$0.998755 (-0.06 %) View coin
News
24 June 2020

USD Coin Comes to Algorand; Centre Announces Multi-Chain Framework

According to a press release, Circle will add support for USDC on Algorand. The move will enable “customers of Circle Business Accounts and Circle APIs to easily move funds between traditional banks and card networks to digital dollars on the Algorand blockchain.” Algorand will be the first blockchain with a stablecoin implementation powered by a new framework for multi-chain support on USDC that allows other blockchains to leverage the foundation and standards that have been created behind USDC.

Why it matters: - USDC is the crypto’s second largest stablecoin project, and is rapidly approaching $1 billion issued amidst the recent liquidity mining craze. - Algorand will be the second blockchain USDC is issued on, joining USDT as a multi-chain stablecoin.

Newsletter
13 July 2020
3 coins to keep an eye on | Issue #86
During the last week, there's been no relief for traders anxious to see a resolution to Bitcoin's current range. The price ran the previous weekly highs, covering a 4.56% range from low to high before closing a few dollars above the monthly level at $9,294. Meanwhile, the altcoin marketcap climbed a similar percentage from...
On Tuesday, the Organisation for Economic Co-operation and Development (OECD) revealed that global tax authorities uncovered EUR 10 trillion ($11 trillion) in offshore financial accounts after obtaining data on over 84 million financial accounts held offshore by their residents. The information exch...
Algorand and Blockstack have teamed up to co-develop and support the Clarity smart contract programming language. Blockstack already had plans to debut Clarity as part of its Stacks 2.0 network launch scheduled for later this Summer. As for Algorand, Clarity gives prospective developers an option be...

3 coins to keep an eye on 👀