Circle, a peer-to-peer payments technology company, has announced the launch of USD Coin (USDC) on the TRON blockchain.
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With the launch on a new blockchain network, blockchain developers can use API services for the TRON ecosystem. Thus, USDC is available on five blockchains so far: Ethereum, Stellar, Algorand, Solana, and TRON.
"We are excited to bring the benefits of a trusted dollar digital currency such as USDC to this growing ecosystem of users and developers," said Jeremy Allaire, CEO and Co-Founder of Circle.
USDC's main competitor — tether (USDT) — is currently available on seven blockchains, including protocols: Bitcoin (Omni and Liquid Protocol), Ethereum, EOS, TRON, Algorand, SLP (Bitcoin Cash's protocol) and OMG. Circle's expansion follows the latest investment round when the company raised $440 million from Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Digital Currency Group, FTX, and many others.
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