Exchanges

Circle and Coinbase Unveil Updates for USDC Stablecoin

Circle and Coinbase have released updates to the USDC stablecoin dubbed USDC 2.0. One of the most important updates is the ability to make transactions without paying fees.

The article in the blog Centre Consortium – the consortium that manages steyblkoinom – explains that this is not the abolition of commission. It’s just that services that work with USDC will have the opportunity to independently pay commission for users.

“This update will allow developers to add such an opportunity so that services that work with USDC, or third-party companies in general, can take on user transaction fees,” the article explains.

UDSC 2.0 also adds various security features, including multi-signature contracts and new consensus mechanisms. The developers note:

“New mechanisms will help the stability and growth of USDC, will transfer offline processes with human participation to on-chain processes with multiple signatures. The new USDC smart contract and protocol improvements are available now, and any wallet developer can implement support for the new features. “

Recall that at the beginning of July, the capitalization of stablecoin exceeded $ 1 billion, and at the moment it is estimated at $ 1.4 billion. Circle USD Coin ranks second in the stable cryptocurrency market, and Tether’s capitalization is estimated at $ 13 billion.

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