Yellow Card is unveiling USDC, a digital stablecoin on the Stellar network, aiming to revolutionize cross-border payments, remittances, and treasury management globally.
The integration combines Stellar’s decentralized blockchain network with the rapid growth of USDC, offering low transaction fees and fast transactions. CEO Chris Maurice expressed excitement for the integration, emphasizing its significance in advancing global payments.
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The introduction of USDC on the Stellar network addresses a significant challenge faced by individuals in Africa when making cross-border payments: hidden charges.
By leveraging Stellar’s optimized payment infrastructure, users can bypass exorbitant fees commonly associated with traditional remittance methods, ensuring a more transparent and cost-effective transfer process.
The Stellar blockchain, designed for everyday financial products and services, offers speed, scalability, and sustainability. Its emphasis on optimizing payments results in low fees and transaction speeds that scale with increased adoption.
With a track record of processing billions of operations and serving millions of accounts since its inception, Stellar is a trusted choice for financial institutions and innovators worldwide.
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