NFTs took the world by storm in 2021, with projects like NBA Top Shot leading the way. That’s why we’re excited to announce the launch of Flow USDC, bringing native USDC liquidity to one of the most promising digital asset platforms in the world and making it easier than ever to buy, sell and engage with NFTs and the metaverse.
First launched in 2019 by Dapper Labs, Flow is a Web3 platform designed for global scale blockchain applications. From creating NFT collections to designing interactive gaming platforms, Flow’s programming language Cadence makes it easy for developers to build dApps to serve millions of users. Developers have taken notice with hundreds of unique Web3 projects being developed on Flow for consumer use cases, ranging from sports and entertainment to gaming, social media, music and more.
“Flow has emerged as the go-to destination for thriving communities of developers, artists, creators and brands building their own blockchain-based digital media and entertainment experiences,” said Jeremy Allaire, CEO and Co-founder of Circle. “Circle is delighted to simplify the payments process and empower creators and consumers to participate in this exploding ecosystem.”
The launch of Flow USDC completes another leg of our journey to become the leading provider of interoperable solutions for crypto-native finance across the world’s largest blockchains. In addition to Flow, Circle now supports USDC across the Ethereum, Algorand, Solana, Stellar TRON, Hedera, and Avalanche blockchains, with more integrations on the way.
“Flow led the NFT mainstream adoption with innovative platforms like NBA Top Shot and many others. Millions of users will be introduced to innovative DeFi products for the first time on Flow, where USDC will play a vital role,” said Mik Naayem, co-founder and Chief Business Officer at Dapper Labs. “USDC is the most trusted dollar digital currency and by making it available to all developers on Flow, it will continue to catalyze mainstream adoption of dApps.”
USDC is the fastest-growing dollar digital currency today, with more than $48 billion in circulation and more than 1.3 million addresses actively interacting with USDC across the digital asset ecosystem as of January 2022. With the addition of USDC on Flow, cross-chain compatibility grows even stronger as we pursue our vision of raising global economic prosperity through the frictionless exchange of financial value.