Circle, a company behind the USD Coin stablecoin, has announced in a blog post that USDC is now available for users on the Polygon sidechain. With the latest update, USDC holders can now get access to more than 19,000 decentralized applications on the layer 2 scaling solution.
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Besides traditional access to financial markets, developers can also build use cases for USDC on Polygon with Circle API, a programmable interface. The company said:
"With Circle Account support for Polygon USDC, businesses can now easily accept payments from one of the largest user bases in Web3, easily make payouts in Polygon USDC, or off-ramp to fiat currency as desired."
The move comes after Polygon announced the launch of a new accelerator program for decentralized finance (DeFi) developers. As part of the program, projects built on Polygon get support in the form of funding, mentoring and marketing assistance.
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