Now available: USDC for Polkadot Asset Hub

Now available: USDC for Polkadot Asset Hub

USDC Multi-Chain

USDC for Polkadot is now available for developers and users of the Polkadot network! Circle Account and Circle APIs make it easy to access USDC for Polkadot and transfer to parachains in Polkadot via the XCM protocol.1

 

About Polkadot and Asset Hub

Polkadot is a network of many sovereign blockchains, also known as parachains. Parachains operate in parallel of each other to allow for faster transactions while benefiting from Polkadot’s overall security and decentralization.

Polkadot Asset Hub is a common-good parachain designed for issuing, managing, and transferring digital assets across the Polkadot ecosystem.2 USDC is natively issued on Polkadot Asset Hub, which makes it easy to transfer to parachains via XCM.

Polkadot USDC is the official form of USDC for the Polkadot ecosystem, providing developers and users with access to a fully reserved, dollar-backed stablecoin that’s always redeemable 1:1 for US dollars.

 

Powering new use cases

Exchanges, digital wallets, institutional traders, and developers can access USDC for Polkadot via the Circle Account and Circle APIs for a variety of use cases:

 

  • Making low cost payments and remittances globally in seconds
  • 24/7 trading, borrowing and lending on parachains like Centrifuge, HydraDX, and Moonbeam
  • Enable users to hold savings in digital dollars without needing a traditional bank account

 

Get started today

Businesses can readily access on/off-ramps for converting fiat currency to USDC for Polkadot by applying for a Circle Account.

Polkadot developers can start building with USDC for Polkadot with our developer docs – USDC is an open-source, permissionless protocol that anyone can build on.



1 Please note that Circle Account and Circle APIs only support USDC natively issued on Polkadot Asset Hub in the Polkadot ecosystem. This means you must transfer USDC from your Circle Account to an external Polkadot Asset Hub wallet address prior to using XCM. Additionally, if you transfer USDC from Polkadot Asset Hub to other parachains via XCM, you must transfer back to Polkadot Asset Hub via XCM prior to depositing into your Circle Account. Please do not attempt to deposit XCM-transferred USDC from a parachain other than Polkadot Asset Hub to your Circle Account, as it may not be recoverable and could result in a loss of funds.


2 wiki.polkadot.network/docs/getting-started  (Last accessed September 13, 2023)

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