As it became known USDC issuer launched the stablecoin on Hedera Hashgraph blockchain. For Hedera Hashgraph, it is the first stablecoin.
According to the company's representatives, this is an important step towards simplifying the development of DeFi applications.

Hedera Hashgraph uses directed acyclic graphs (DAG) without grouping transactions in blocks. This technology enables it to reach high capacity (up to 10'000 TPS), low delays, and high energy efficiency.

Last month the Hedera board approved a plan to invest 10,7 bln HBAR tokens (around 3,85 bln USD) into the development of the ecosystem. HBAR Foundation will distribute grants between developers, startups and other projects that work on implementing Hedera network in DeFi, NFT, CBDC, gaming, and other industries.

The board includes 23 companies, including Boeing, Google, LG Group, Nomura Holdings, Deutsche Telekom, Tata Communications, London School of Economics and Political Sciences, etc.

According to Shayne Higdon, the Head of HBAR Foundation, the support from USDC will open such opportunities to the network participants as securitization and supply chain tracking platforms.

So now Hedera Hashgraph is the sixth blockchain in USDC family. The stablecoin also works on Ethereum, Algorand, Stellar, Solana, and Tron. They are planning to launch the token on Avalanche, Celo, Flow, Kava, Nervos, Polkadot, Stacks, and Tezos.

Looks like people see great potential in USDC for applying it in different areas of the digital business. We were wondering, dear forum users, do you think such investment projects are rational?