One of the leading Crypto payment companies, Circle, announced the launch of its trademark stablecoin USDC on the Hedera network. This action is termed to be a part of the multichain commitment that Circle announced previously, with the motive of expanding the reach of the currency in the Cryptocurrency market. Besides, Hedera Network aims to start developing its Decentralized Finance (defi) environment, and it is now offering more than $2.5 billion in ecosystem grants.