Avalanche adds USDC to bolster DeFi transaction, payment options

Avalanche (AVAX-USD) adds a native version of stablecoin USDC (USDC-USD) that is administered by global fintech firm Circle. The integration will create more seamless transaction and payment options for developers and participants in Avalanche's (AVAX-USD) growing DeFi ecosystem, according to a release. Note that Avalanche (AVAX-USD), which was recently recognized as a net-zero carbon output blockchain, is compatible with Ethereum (ETH-USD) smart contracts and tooling. Support for USDC (USDC-USD) will be available on Avalanche's (AVAX-USD) C-Chain, the default smart contract blockchain for the creation of Ethereum-compatible applications and assets with lower fees and faster transactions. "Physical fiat currency is increasingly becoming a relic of the past - a trend which the COVID-19 pandemic has accelerated," says Ava Labs President John Wu. "A fundamental restructuring of legacy payments and financial infrastructure is not only warranted, but overdue." Meanwhile, avalanche (AVAX-USD -3.5%) tokens slide, with the rest of the crypto market extending