Circle, one of the leading payment companies in the United States, has introduced one of its core products, “USDC,” an NFT and Web3-based blockchain. Flow chain users will now be able to mint and redeem USDC directly on the platform.
This initiative intends to make it easier for users of Flow projects to transfer and leverage value throughout the decentralised apps (dapps) ecosystem.
Jeremy Allaire, CEO of Circle, commented on the significance of Flow and its design, which is regarded as appropriate for some new use cases requiring this type of decentralised structure.
Allaire further said that, in his opinion, this new partnership will make payments easier and allow traffic on the network, so both new and existing projects will work simultaneously.
Flow, a chain created by Dapper Labs, the inventors of Cryptokitties, is the hub for a number of NFT applications such as NBA Top Shots.
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