Insiders have revealed that USDC is set to launch on six new blockchains through the Noble network, including Polygon PoS, Base, Polkadot, NEAR, Optimism, and Cosmos. Currently, USDC has been introduced on Ethereum, Avalanche, Arbitrum, Stellar, Algorand, Tron, Flow, Solana, and Hedera chains.
In a preceding development, Coinbase secured a minority stake in Circle, which also entitles it to a share of USDC's interest income in the future. However, the exact proportion of shares Coinbase acquired from Circle remains undisclosed in the blog post issued jointly by Coinbase and Circle. According to a source familiar with the matter, Coinbase did not provide cash to Circle in exchange for these shares.
Both companies are in the process of dissolving their collaborative ties with Center Consortium, the entity responsible for USDC issuance. As part of this transition, Circle will assume complete control over the issuance and governance of USDC.
Furthermore, Circle will deploy native USDC across these six blockchains, expanding the supported total to 15 blockchains. While Coinbase and Circle haven't disclosed the specific names of these six blockchains, Circle had previously indicated plans to expand to Polkadot, NEAR, Optimism, and Cosmos by 2023 as early as September.