Seven new companies announced support for USD Coin (USDC) in recent weeks, continuing to fuel already-broad demand for USDC across payments, commerce and finance use cases.
The new supporters — BiKi, Bittrex Global, Bitwage, Gilded Finance, Mercado Bitcoin, PayTrie and Travala — join the hundreds of exchanges, protocols, platforms, applications, wallets, and service providers that are part of the USDC ecosystem.
BiKi.com is a global cryptocurrency exchange dedicated to providing safe, reliable and stable service to users, with 150 cryptocurrencies and 280 trading pairs supported. Established in August 2018, BiKi.com has been growing fast, with 3 million registered users. A community-driven exchange, BiKi.com grows deep relationships with listed projects and helps them expand and grow by supporting their communities and advising in various aspects such as marketing and operations. BiKi.com has recently listed USDC and has since seen a great number of users hedging various assets against USDC due to its U.S dollar parity and ease of movement around the world.
Bittrex Global is one of the most reputable cryptocurrency exchanges. They focus on security, compliance, and building a beautiful, high performance user interface for customers. Bittrex is proud of their platform uptime, even during the biggest market moves. Bittrex Global has recently listed USDC due to its high trading demand and customer preference.
Bitwage is the leader in cryptocurrency-powered payroll, invoicing & benefits. With 30,000 users and $100 Million in transactions, Bitwage provides services to companies and workers in over 90 different countries. Companies can offer bitcoin 401k and cryptocurrency salaries to employees and freelancers, paying international workers faster and cheaper. Bitwage has integrated USDC to give global remote workforces access to the stability of the U.S. Dollar while maintaining the speed and costs of cryptocurrency transfers. This enables Bitwage to work with companies that need to pay workers all over the world easily without having to expose those workers to price volatility.
Gilded Finance helps businesses that send and receive international payments streamline invoicing, payments, and accounting using an end-to-end solution based on digital assets. Businesses can get money faster with lower processing fees. Gilded now enables businesses to use USDC for invoicing and payments and allows businesses to integrate USDC with their current business processes such as CRM and accounting.
Mercado Bitcoin is the largest cryptocurrency and alternative asset trading platform in Latin America, offering independence, security and liquidity in trading. With more than 1.9 million customers and BRL 12 billion traded since 2013, the company is among the 25 most trusted crypto exchanges in the world, according to a study conducted by the Blockchain Transparency Institute (BTI). Mercado Bitcoin has recently listed USDC, providing the Brazilian market with a simple and quick alternative for customers who wish to further diversify their investments.
PayTrie is Canada’s premier gateway to obtaining stablecoins, enabling Canadians to get started with cryptocurrencies and blockchain applications. With a low 1% all inclusive, no hidden fee, ultra fast transfer, and frictionless KYC, customers can get started quickly. USDC is now one of the stablecoins offered by PayTrie, enabling quick access using Interac e-Transfers from Canadian Dollars. Through integrations with blockchain application partners, Canadians can quickly obtain USDC from PayTrie and immediately use them in the decentralized finance ecosystem.
Travala.com is the leading cryptocurrency-friendly hotel booking service, with over 2,000,000 properties in 230 countries, and a champion for cryptocurrency adoption, accepting over 25 leading cryptocurrencies in addition to traditional payment methods. Part of its value proposition is AVA, the platform’s native cryptocurrency. AVA can be used for payments, receiving and redeeming loyalty rewards, refunds, and as a store of value, among several other use cases. USDC has been integrated as a preferred payment method on Travala.com, and so it is now available as a native payment option across over 2 million hotels in 230 countries.
More about USDC & CENTRE
USDC was introduced by the CENTRE Consortium, an organization co-founded by Circle and Coinbase, to establish an open standard for fiat on the internet and provide 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.
USDC Draws Support from Seven New Companies, Consolidates Market Cap Above $700M was originally published in CENTRE blog on Medium, where people are continuing the conversation by highlighting and responding to this story.