Block Insider
  • News
  • Market Analysis
  • InsightsSoon
  • EnglishEnglish
    • PortuguêsPortuguês
  • Login
No Result
View All Result
Saturday, June 25, 2022
ADVERTISE
SUBSCRIBE
  • News
  • Market Analysis
  • InsightsSoon
No Result
View All Result
Block Insider
No Result
View All Result
Home News

PoS Blockchain Tezos (XTZ) Selected to Issue Leading Stablecoin USDC

Nicholas Say by Nicholas Say
July 1, 2021
Reading Time:2 mins read
PoS Blockchain Tezos (XTZ) Selected to Issue Leading Stablecoin USDC
TelegramTwitterRedditWhatsapp

Centre, a consortium that issues USDC, which was founded by Circle and Coinbase, has chosen Tezos (XTZ) as one of the networks on which will issue the leading U.S. dollar-pegged stablecoin USDC.

RELATED POSTS

Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency

Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine

Colorado Decides to Accept Cryptocurrency for Tax and Government Payments

Tezos (XTZ) is a self-upgradable and energy-efficient, Proof-of-Stake (PoS) public blockchain.

The announcement stated that the issuance of USDC will be completed in the coming months. One of the world’s top digital dollar stablecoins will be functioning on the eco-friendly and PoS-based Tezos blockchain.

Centre chooses Tezos to Issue USDC

Tezos’ robust and energy-efficient nature has attracted numerous game developers, music labels, comic book creators, and sporting franchises looking to build on a public blockchain.

In addition, Tezos is also home to one of the world’s largest non-fungible token (NFT) marketplace called Hic Et Nunc. Recently, Tezos was selected by F1 teams Red Bull Racing Honda and McLaren Racing for technical partnerships.

Tezos is Building a Great Infrastructure

Advertise
ADVERTISEMENT

Launched in 2018, Tezos has become one of the most popular PoS blockchains in existence today. Tezos provides time-tested, secure smart contracts and token standards that can cater to the complexities involved in DeFi and NFT landscapes.

To date, Tezos has experienced six network upgrades to mitigate the gas fees, improve token standards, make transactions faster, among other things.

All changes and network upgrades on the Tezos blockchain are implemented through on-chain governance where continuous improvement proposals are floated, discussed, adopted, and implemented without forks.

The network activity has grown by a staggering 1200 percent with the launch of several new marketplaces and applications across its ecosystem.

A Popular Stablecoin Comes to Tezos

USDC has cemented itself as one of the most trusted and largest stablecoins in the crypto industry since its launch in 2018. Recently, the dollar-pegged stablecoin surpassed a market cap of $25 billion.

Since hundreds of entities and institutions, including digital wallets, exchanges, DeFi protocols, savings, lending, and payment services support the USDC standard, the launch of USDC on Tezos and other multi-chain protocols will likely speed up the stablecoin’s rate of adoption.

ShareTweetShareSend
Nicholas Say

Nicholas Say

Nicholas Say is a writer, visual artist, and lover of thought. He has written extensively on cryptocurrencies (Blockonomi, Coinjournal), and sees them as a way for people to come together globally.

Related Posts

Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency
News

Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency

March 10, 2022
Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine
News

Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine

March 2, 2022
ByTask Force Pushes Biden Administration to Tighten Cryptocurrency Regulation
News

Colorado Decides to Accept Cryptocurrency for Tax and Government Payments

February 24, 2022
News

Buffett’s Company Invests in Crypto-Focused Bank while MasterCard will Offer Crypto & NFT Services

February 18, 2022
News

New Crypto Coalition Stepped in Amidst a Dramatic Tuesday Comeback of Crypto Pricings

February 11, 2022
Facebook Decides to Retreat from Its Banishment on Cryptocurrency Advertisements
News

Facebook’s Dream of Its Global Cryptocurrency Comes to an Official End

February 3, 2022
Next Post
Acala and Karura Gain Support from Bison Trails

Acala and Karura Gain Support from Bison Trails

Cardano, Ethereum Classic, Tron, Bitcoin SV Analysis – 2 July

Cardano, Ethereum Classic, Tron, Bitcoin SV Analysis – 2 July

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Compass Mining Enters the Partnership with IRA Provider to Help Investors

July 30, 2021
Coinbase Starts Allowing PayPal to Pay for Crypto in the US

Coinbase Starts Allowing PayPal to Pay for Crypto in the US

April 30, 2021
Coinbase Starts Allowing PayPal to Pay for Crypto in the US

Coinbase to Acquire Cryptocurrency Data Startup Zabo

August 6, 2021

Popular Stories

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
Block Insider

A financial portal covering Blockchain News, Crypto Insights and Market Analysis.

Recent Posts

  • Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency
  • Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine
  • Colorado Decides to Accept Cryptocurrency for Tax and Government Payments

Categories

  • Market Analysis
  • News
  • Press Release

© 2022 Block Insider

No Result
View All Result
  • News
  • Market Analysis
  • EnglishEnglish
  • PortuguêsPortuguês

© 2022 Block Insider

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?