USDC Consumer Chain: Solidifying the Hub as an IBC Focal Point
Before diving into the ATOM 2.0 whitepaper, I want to do a bit of a pivot (no, not the one you’re probably looking for) and talk about what I believe to be the most important announcement from Cosmoverse – the USDC Consumer Chain. We’ve talked about this before, but the Cosmos DeFi ecosystem severely lacks any real amount of stablecoin liquidity. Its $85M in stablecoins across the eco (with only ~$16M issued natively) pales in comparison to nearly every other eco and even the Ethereum L2s. For a DeFi ecosystem to take off, stablecoins are a must.
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