USDC Ecosystem Spotlight: More crypto companies join USDC ecosystem as market cap grows beyond $300M milestone
USA, 30 January 2019 – Three new companies in recent days have joined the growing ecosystem for USD Coin (USDC), demonstrating the robust interest in the world’s second largest stablecoin by market cap.
The new companies to join the USDC ecosystem are Securitize, DizPay, and Nitrogen.
Securitize is a technology platform for digitizing securities on blockchain infrastructure
DizPay is a cryptocurrency payments provider
Nitrogen is a decentralized P2P network for secured loans
These companies join the nearly 100 exchanges, protocols, platforms, applications, wallets and service providers that are part of the USDC ecosystem. Since it was launched in the fall of 2018, USDC has been growing rapidly: Its market cap is over $300 million (including Circle activity) and it is the second largest stablecoin by market cap. It’s also a top 20 crypto asset.
USDC is also listed on dozens of crypto exchanges across the globe, including as a quote currency for some of the most actively traded assets.
The CENTRE Consortium, a joint venture co-founded by Circle and Coinbase, introduced USDC to establish a standard for fiat on the internet and provides a governance framework and network for the global, mainstream adoption of asset-backed stablecoins.
You can learn more about USDC here, and tokenize or redeem USDC with both Circle and Coinbase. You can go here to read the monthly reports on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP.