US-based crypto exchange platform has opened the network deposit service for the widely-used (USDC), the second-largest stablecoin by market capitalization after .
For now, only USDC deposits are available on KuCoin, but Polkadot developer Velocity Labs said they are working hard to enable withdrawals soon.
Velocity Labs is dedicated to turning the Polkadot ecosystem into a hotspot for DeFi space. As an ecosystem builder and venture studio, the firm is focused on creating the infrastructure, tools, and products needed to promote DeFi applications on Polkadot.
USDC has become the most issued native stablecoin on Polkadot, but getting easy access to Circle’s flagship product has been a hurdle for wider adoption.
The move comes barely a year after Circle introduced USDC to the Polkadot ecosystem of parachains,…
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