Liquid Launches Trading For Stellar USDC
- Liquid will provide users with zero-fee Stellar USDC withdrawals.
- The listing will provide meaningful liquidity and volume to the Stellar ecosystem, SDF CEO said.
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In a press release published on 13 July, Liquid Group and the Stellar Development Foundation (SDF) announced that Stellar USDC is now available to Liquid’s exchange customers. Adding Stellar USDC is part of Liquid’s larger effort to bring multi-chain support for selected cryptocurrencies. The licensed Asian exchange is looking to increase its interoperability and solve issues arising from the recent spikes in blockchain fees, the press release explained.
Liquid will provide users with zero-fee USDC withdrawal and enable them to choose which network they want for USDC. Choosing Stellar USDC is set to save users between $12 and $15 on each transaction when compared to other networks.
Denelle Dixon, the CEO and Executive Director of the Stellar Development Foundation, said Liquid’s offering will provide valuable interoperability to USDC users and bring volume and liquidity to the Stellar ecosystem.
“As more ecosystem partners use the Stellar network for currency interoperability and worldwide coverage, we are making progress toward our mission of creating equitable access to the global financial system,” she added in the press release.
- The digital ID project said Orb Operators received USDC payments as part of the project’s transitional phase after launch, and now that it is nearing its end Worldcoin will be switching to WLD payments.
- Worldcoin warned Orb Operators to check if they can claim rewards in their region as WLD are not available in the United States and “certain other restricted territories”.
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- SVB Financial Group has filed for a Chapter 11 court-supervised reorganization in the U.S. in order to “preserve value”.
- The company stressed it is no longer affiliated with Silicon Valley Bank, the closure of which sent ripples across the crypto industry.
- Despite the events of last week, Circle has been able to clear almost all USDC backlog, and redeemed $3.8 billions USDC between March 13 and March 15.
- The stablecoin issuer also went live with a new transaction banking partner for both domestic and international wires, and expects to bring more capabilities back soon.