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.