{"id":51373,"date":"2021-10-18T17:06:21","date_gmt":"2021-10-18T14:06:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51373"},"modified":"2025-09-02T23:23:17","modified_gmt":"2025-09-02T20:23:17","slug":"centre-consortium-launches-usdc-stablecoin-on-hedera-hashgraph","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/centre-consortium-launches-usdc-stablecoin-on-hedera-hashgraph\/","title":{"rendered":"Centre consortium launches USDC stablecoin on Hedera Hashgraph"},"content":{"rendered":"<p>The Centre consortium behind USD Coin (USDC) has launched a stablecoin on the Hedera Hashgraph blockchain. This was reported by the non-profit organization responsible for developing the network, the HBAR Foundation.<\/p>\n<p>The <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cWith the <a href=\"https:\/\/twitter.com\/search?q=%24USDC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDC<\/a> launch on the <a href=\"https:\/\/twitter.com\/hedera?ref_src=twsrc%5Etfw\">@hedera<\/a> network, the HBAR Foundation is taking an important step toward fulfilling its mission to ease the development and launch of <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\">#DeFi<\/a> applications on the network.\u201d<br \/>\u2014 <a href=\"https:\/\/twitter.com\/ShayneHigdon?ref_src=twsrc%5Etfw\">@ShayneHigdon<\/a> <\/p>\n<p>Read more \u2b07\ufe0f <a href=\"https:\/\/t.co\/s6eRYxA0NE\">https:\/\/t.co\/s6eRYxA0NE<\/a><\/p>\n<p>\u2014 HBAR Foundation (@HBAR_foundation) <a href=\"https:\/\/twitter.com\/HBAR_foundation\/status\/1450061422755524610?ref_src=twsrc%5Etfw\">October 18, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This is the first stablecoin on Hedera Hashgraph.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe launch of USDC marks an important step [\u2026] in facilitating the development and launch <\/em><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-decentralised-finance-defi\"><em>DeFi<\/em><\/a><em>-applications<\/em>,\u201d<\/em>, the organization said.<\/p>\n<\/blockquote>\n<p>Hedera Hashgraph uses directed acyclic graphs (DAGs) and does not group transactions into blocks. According to developers, the technology enables high throughput (up to 10,000 TPS), robust energy efficiency.<\/p>\n<p>As of writing, the Governing Council comprises 23 members, including Boeing, Google, LG Group, Nomura Holdings, Deutsche Telekom, Tata Communications, the London School of Economics and Political Science.<\/p>\n<p>The aforementioned organisations manage nodes in the network. Over time, Hedera expects to move away from current centralisation.<\/p>\n<p>In September, the Governing Council approved a plan to allocate <a href=\"https:\/\/u1f987.com\/en\/news\/hedera-hashgraph-project-to-allocate-3-85-billion-for-ecosystem-development\">10.7 billion HBAR tokens (~$3.85 billion) to stimulate ecosystem development projects<\/a>.<\/p>\n<p>Grants to developers, startups and other organisations to accelerate Hedera adoption for a broad range of applications in DeFi, <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-nfts\">NFT<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">CBDC<\/a>, gaming and others.<\/p>\n<p>According to Shane Higdon, CEO of the HBAR Foundation, the support for USDC could prompt network participants to consider use cases such as securitisation and supply-chain tracking platforms.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe prioritized Hedera Hashgraph because of the potential for broad USDC adoption by corporations. We were drawn to the opportunities for building applications,\u201d<\/em> said Jo\u00e3o Reginatto, Circle&#8217;s vice president of products.<\/p>\n<\/blockquote>\n<p>Hedera Hashgraph became the sixth blockchain in the USDC family. The asset also operates on Ethereum, Algorand, Stellar, Solana and <a href=\"https:\/\/u1f987.com\/en\/news\/centre-consortium-launches-usdc-stablecoin-on-the-tron-blockchain\">Tron<\/a>.<\/p>\n<p>In the future, the stablecoin <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-issuer-to-build-a-global-stablecoin-network\">will appear<\/a> on Avalanche, Celo, Flow, Kava, Nervos, Polkadot, Stacks and Tezos.<\/p>\n<p>Follow ForkLog&#8217;s YouTube channel at <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Centre consortium behind USD Coin (USDC) has launched a stablecoin on the Hedera Hashgraph blockchain, according to the non-profit organization responsible for developing the network, the HBAR Foundation.<\/p>\n","protected":false},"author":1,"featured_media":51374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,1365,807,910],"class_list":["post-51373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-hedera-hashgraph","tag-stablecoins","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51373"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51373\/revisions"}],"predecessor-version":[{"id":51375,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51373\/revisions\/51375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51374"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}