With the Announcement of Avalanche’s USDC Support, AVAX Has Gained Upward Momentum!

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AvalancheAVAX gained upward momentum with the announcement that it will integrate USDC, the second-highest stablecoin with a fixed market value in US Dollars.

Avalanche Announces USDC Support

Avalanche announced that USDC will be integrated into the network via a post on its official Twitter account. With this integration, it was stated that USDC could be printed on the Avalanche network.

Avalabs President John Wu, who stated that the use of USDC in Avalanche is more than the use of USDT, said that thanks to this integration, users can save on costs:

“Going forward, this partnership allows the USDC to print directly on the Avalanche network. This, in turn, will allow users to save on costs.”

Noting that Tether, the USDT issuer, has been the focus of various criticisms, Wu said that although USDT has a higher market value compared to USDC, especially US-based users have more confidence in USDC.

AVAX Has Gained Upward Momentum

AVAX, which gained upward momentum with the announcement of USDC support, began to record value increases despite the downward trend in the market. AVAX, According to CoinGecko data, after the upward price movements recorded in the last 24-hour time frame, it increased from the price levels of 80 dollars to the price levels of 92 dollars and gained an average value of 15%.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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