USDC now capable of 1000 transactions per second with near-zero fees
Cointelegraph
Published Sep 09, 2020 03:04PM ET
Updated Sep 09, 2020 04:40PM ET
As part of an initiative bringing stablecoin USD Coin (USDC) to other blockchains, USDC is now available on the public Algorand blockchain. This is in addition to its existing availability as an Ethereum-based token.
Offering USDC on Algorand gives the asset layer 1 scalability, touting more than 1,000 transactions per second, or TPS, while costing less than a penny in fees (1/20 of one cent to be precise), said a statement provided to Cointelegraph.
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Written By: Cointelegraph
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