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Algorand Says USDC Set a New Annual Transaction Record on Its Network

Circle issues USDC as a stablecoin designed to maintain a value pegged to the U.S. dollar.

By Enna Lee
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A silver token rests beside a mechanical counter at its final mark / TokenPost.ai
A silver token rests beside a mechanical counter at its final mark / TokenPost.ai

Algorand said USDC transactions on its network have set a new annual record, marking a usage milestone for the stablecoin on the blockchain.

Circle issues USDC, which is designed to maintain a stable value pegged to the U.S. dollar. The milestone concerns transaction activity on Algorand’s network.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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