002 - SDF Invests $5 Million into Wyre and $USDC is NOW LIVE!! Hello, Welcome to A Stellar World Podcast. Where we discuss all things Stellar and cryptocurrency. I’m your host Joe. The Stellar Development Foundation announced on January 26 that they were investing $5 million dollars into Wyre(spelled W Y R E). Wyre’s company description reads, “Wyre is a company that is leveraging blockchain technology to build the fastest and most cost effective way to transfer money internationally. No strings attached.” Also from the Stellar press release on USDC it says, “Stellar USDC pairs the world’s leading digital dollar stablecoin, which has seen over 1,000% year-over-year growth and now has nearly $6B USDC in circulation, with the Stellar network, an established and proven blockchain, which has processed more than 1.5 billion total operations and last year saw a 104% YoY growth in total payments on the network. The integration brings immediate value to the Stellar ecosystem, connecting and creating new business opportunities for existing Stellar-based businesses, USDC’s network of existing partners, and future FinTechs looking to optimize payments, especially cross-border transactions. Businesses, developers, and retail users can learn about how to immediately get started leveraging Stellar USDC at stellar.org/USDC.” It goes on to say, “Businesses and developers can directly access Stellar USDC via one single integration — the Circle Account and its API Services. The Circle Account is a free service powered by a set of APIs that thousands of global businesses use to accept payments at scale, issue programmable payouts, build marketplaces, and soon, receive yield on top of their balance. The Account is free, and via the Circle Multichain Authorized Distributors Program, customers can use Circle APIs to swap among blockchains at no cost. With the Circle Account, businesses around the world can connect bank accounts and mint, redeem, store, send, and receive Stellar USDC.” As a reminder I am not a financial advisor and you should do your own research before making an investment decision. The links to the articles I mentioned are in the description. As always thank you for listening. If you like the podcast please share and follow for new episodes! Links: https://beincrypto.com/stellar-xlm-invests-big-in-wyre-with-5-million-ecosystem-upgrade/ https://www.coindesk.com/stellar-development-foundation-invests-5m-in-crypto-payments-firm-wyre https://www.stellar.org/press-releases/usdc-is-live-on-the-stellar-network
