• With Stellar USDC, users can make fast and affordable cross-border payments, and easily convert between digital and traditional currencies.
• Users can access Stellar USDC through a free Circle account, via crypto exchanges, as well as through dApps.

Starting today, users of the crypto exchange Lemon can start the deposits and withdrawals of Circle’s USDC stablecoin via the Stellar blockchain network. Users in Argentina, Brazil, Mexico, Colombia, Peru, Ecuador, and Uruguay using Lemon can now experience fast and affordable transactions when sending and receiving USDC on the Stellar network. With USDC on Stellar, they can enjoy borderless peer-to-peer payments and access a digital store of value, enabling 24/7 access to payments and financial services.

Stellar is an open-source blockchain that facilitates international payments as well as creates digital assets. The main aim of Stellar is to connect all financial systems into one network, making them fully compatible with each other. Since it started in 2014, Stellar has already moved over $3 billion between around 7.4 million individual accounts. Unlike other blockchains, Stellar was not designed to replace the existing financial system but to improve and complement it.

Stellar USDC is a combination of the Stellar network and a popular digital currency called USDC (United States Dollar Coin). With Stellar USDC, users can make fast and affordable cross-border payments, easily convert between digital and traditional currencies, and handle large-scale payment distributions. Many important projects and organizations use Stellar USDC. So far, there are more than $83 million worth of Stellar USDC in circulation, with over $4.2 billion worth of payments made, and around 500,000 accounts using it.

Key Features of the Stellar Platform

Stellar offers low transaction costs, with fees as low as 0.1 USD, making it attractive for applications and exchanges that don’t charge commissions. With Stellar’s Proof of Authority (PoA) consensus, transactions are finalized within seconds, providing certainty that transactions won’t be reversed, unlike other blockchains that have probabilistic finality.

Stellar includes compliance functions to ensure that assets created on the network adhere to rules. Thus, by design, the Stellar network allows to create assets that meet regulatory requirements. It includes built-in tools for asset creators to perform KYC and AML checks before approving deposits and withdrawals. But these controls are optional due to Stellar’s open and decentralized nature.

For developers, Stellar provides a resource bank with clear data, tutorials, and a Software Development Kit (SDK) to make development easier.

Users can access Stellar USDC through a free Circle account, via crypto exchanges, as well as through dApps, notes Lemon. With Stellar USDC in your Circle Account, you can send it worldwide instantly using blockchain technology, swap it across different blockchains through your Circle Account and API, and convert it back into fiat through wire transfer.