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Update
CoinSwitch, the leading aggregator of the world’s crypto assets, has announced they are no longer enabling the use of USDC stablecoin for the rewards for host operators of the Worldcoin Platform. The announcement comes after the Ethereum Foundation and the Worldcoin community have reached an agreement that USDC will no longer be accepted for rewards for host operators of the Worldcoin Platform.
The CoinSwitch platform will continue to support the use of Worldcoin (WDC) to reward host operators on the platform. CoinSwitch is also committed to supporting Worldcoin as an accepted currency, keeping a track of market data, hosting multiple exchanges, and offering a wide array of possibilities to users.
This decision is made with the aim of supporting a decentralized Worldcoin Platform that does not rely on a single centralized element such as USDC. The newly-implemented change by CoinSwitch is expected to further strengthen Worldcoin’s position in the crypto space.
CoinSwitch encourages all members of the community to stay tuned and to follow the Worldcoin protocols. We are committed to supporting the Worldcoin ecosystem and look forward to the future of the revolutionary blockchain protocol. Together, we will continue to push for more adoption and blockchain use cases.