USDC on The Hedera Network
Hello people I want to introduce you to this topic about @Hedera and USDC!
🔥What is USDC on Hedera?🔥
USDC on Hedera is the native fiat-backed USD stablecoin issued by Circle on the Hedera network.
Why USDC on Hedera?
USDC on Hedera is the most cost-efficient way to send the USDC stablecoin. It is more cost-effective to send USDC on Hedera than USDC on Ethereum, Solana, SUI, Cronos, Arbitrum, Avalanche, XLM, Optimism, Polygon, Base, ZkSync, or NEAR. Through Hedera’s DeFi economy, users can earn up to 20% APR on their Hedera USDC.
What is Hedera?
Hedera is a fully open-source institutional-grade blockchain with EVM support. It leverages the unique hash graph consensus algorithm, which enables 10,000+ transactions per second (TPS) at an average fixed cost of $0.0001.
Why DeFi on Hedera?
Hedera is Miner Extractable Value (MEV) Resistant. Hedera's fair transaction ordering mitigates MEV attacks, ensuring a level playing field for all liquidators. This prevents front-running and other exploitative practices common on other networks.
Hedera’s largest Decentralized Exchange (DEX) is called SaucerSwap. Here, users can benefit from yields on digital assets and stablecoins such as USDC. On SaucerSwap, users currently get up to 20% APR on Hedera USDC.
Hedera’s largest lending and borrowing protocol, Bonzo Finance, is based on the battle-tested open-source AAVE protocol. On Bonzo, users can currently get up to 17% APR on Hedera USDC.
Which Wallet Should I Use?
HashPack is the leading retail wallet on Hedera and the core wallet for users interacting with DeFi on the network.
Thanks for your time. If you comment and like it will help me, thanks!
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