Flamingo Finance has integrated USD Coin (USDC) into its decentralized financial ecosystem, expand the usefulness of the platform and offer users access to a general adopted, Fiat-Pegged Stablecoin. With the addition, USDC can be used in swaps, limit, bets, cross-chain transfers and dividend distributions.
USDC is issued by Circle and Coinbase and maintains a 1: 1 PEG with the US dollar. With more than US $ 30 billion in circulation from 2025, it is one of the most used stablecoins about blockchain ecosystems.
Act and set out
Users can now trade USDC via the convert function of flamingo, or place orders on the USDC-FUSD market via orderbook+. A new USDC-FUSD liquidity pool has also been launched and offers FLM token rewards for participants.
In addition, rewards have been re-introduced for the USDT-FUSD liquidity pool and Flamingo has updated its FLM Mint distribution accordingly.
USDC has also been added to the list of dividend assets that are available in herds. When diversifying dividends during herds, users can now receive payments in USDC in addition to other assets such as USDT, BTC, ETH and FLM.
Cross-chain functionality
Flamingo now supports packing and unpacking from USDC between the Binance Smart Chain and NEO N3 networks using the Wrap & UNWRAP function. A upcoming update makes it possible to pack and unpack between USDC and FUSD, similar to the functionality currently available for USDT.
The addition of USDC is intended to improve accessibility for new users who enter the Defi space.
The complete announcement can be found on the link below:
https://medium.com/flamingo-finance/flamingo-finance-delcomes-usdc-a-new
