Crypto Exchange Liquid to support Stellar USDC

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The leading cryptocurrency exchange Liquid Group, Inc. (Liquid) and the Stellar Development Foundation (SDF) today announced that Stellar USDC is now available to Liquids exchange clients.

Liquid is proud to announce that it is adding multi-channel support for USDC by expanding to a Stellar-based version. By providing multi-chain support for certain cryptocurrencies, Liquid seeks to increase interoperability, address issues resulting from recent blockchain fee increases, and improve service levels for their customers.

Liquid will provide users with free USDC withdrawal capabilities to help its customers maximize the benefits of digital dollar currency. According to Liquid’s COO Seth Melamed, “Liquid is focused on increasing cryptocurrency adoption by introducing a technologically superior alternative to traditional payment rails. By allowing Liquid’s customers to send USDC through the Stellar blockchain, transaction time and network fees are significantly reduced compared to the original Ethereum USDC token.

With multi-channel integration, Liquid customers can now choose whatever network they want for USDC withdrawals and selecting Stellar USDC could save them an average of $ 12-15 on each transaction compared to other networks. affected by price spikes. When users access Stellar USDC, they will also be able to take advantage of the speed of the Stellar network to move value in seconds, rather than minutes, to maintain better liquidity of their assets. Seth Melamed, COO of Liquid, said, “Our focus is in our name: Liquid. And Stellar USDC gives our clients a real liquidity advantage over other blockchain protocols, reducing transaction costs and blockchain confirmation times. We are delighted to continue the partnership. with SDF and have planned a quick follow-up to activate additional Stellar-based stable assets representing more global currencies on the Liquid platform. “

SDF CEO and Executive Director Denelle Dixon said, “It’s great to see Liquid bringing the speed and cost advantages of the Stellar network to its customers. This offering provides valuable interoperability to USDC users and will bring significant volume and liquidity to the Stellar ecosystem. As more ecosystem partners use the Stellar network for currency interoperability and global coverage, we are moving towards our mission of creating equitable access to the global financial system. ”

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