Circle's USD Coin (USDC), integrated with the Hedera network, offers a regulated, fiat-backed stablecoin pegged to the US dollar. This collaboration allows USDC to be minted natively on Hedera, leveraging the network's fast settlements (around 3-5 seconds), low transaction fees (typically $0.0001 to $0.001, paid in HBAR), and high scalability.   

‍

USDC on Hedera provides a trusted, stable, and reliable bridge for decentralized finance (DeFi) applications and end-users on the Circle and Hedera networks. Circle's increasingly popular suite of developer APIs offers full support for USDC on Hedera, facilitating its use in various applications including both payments and micropayments. 

‍

With USDC, enterprises and financial institutions have access to cross-platform liquidity and secure cross-border transactions. It’s currently used to facilitate payments and micropayments within applications such as Calaxy, Dropp, and Scintilla as well as to in support of numerous DeFi, NFT projects, and network bridge applications building on Hedera including SaucerSwap and Hashport. 

‍

Acme Labs is a metaverse community built on the Hedera blockchain network dedicated to the world of visual storytelling with an emphasis on high quality art prints featuring nostalgic cartoons. It specializes in bringing art and collectibles from animation, comic books, and emerging XR media into the digital realm, providing a unique combination of classic creativity and modern technology.

It features numerous collaborations with established artists including “The Chuck Jones Gallery,” an initiative that resurrects "Lost Wrabbit," a unique character conceived by the legendary Looney Tunes director Chuck Jones and reimagined by artist Ben Olson, which seeks to preserve and modernize classic art stylings on Hedera. 

Acme Labs’ platform allows creators and collectors to benefit from Hedera’s secure, fast, and accessible blockchain network while offering support for both credit card and cryptocurrency payments. It also provides a full suite of community services including virtual spaces where creators and enthusiasts can connect and collaborate.

‍

WiCoin is a stablecoin launched by WiPay, a financial technology company with offices in Africa, the Caribbean, Columbia, and the US. It was launched to address the challenges of cross-border remittance and financial exclusion in its operational regions. It was built on the Hedera network utilizing the Hedera Token Service (HTS) and Hedera Smart Contract Service (HSCS) and is pegged to the US dollar. 

‍

It forms the backbone of the WiCoin Settlement Network, designed to create a unified system for transactions across numerous Caribbean islands, each with its own currency. It also extends into African markets and currencies.

‍

The primary goal of WiCoin is to "bank the bankless" by providing an accessible and efficient means for cross-border payments and settlements by leveraging Hedera's fast transaction speeds, low and predictable fees, and robust security through its asynchronous byzantine fault tolerance (ABFT).

‍

WiPay is supported by the Hedera HBAR foundation and seeks to enhance financial inclusion and streamline economic activity in underserved regions by providing a locally-accessible bridge between traditional banking services and low-cost, speedy digital transactions.

‍

The Lumos Labs Hatch Accelerator is a program dedicated to fostering the growth of early-stage Web3 startups in India. Run by Lumos Labs, a Singapore-based innovation management firm, the accelerator is designed to identify and support promising projects that are building the next generation of decentralized applications.

‍

The four-month program provides a comprehensive support system for participating startups. This includes mentorship from industry experts, a series of workshops covering various aspects of business and technology, and access to a wide network of investors and partners. The primary goal of the accelerator is to help these startups refine their products, achieve product-market fit, and scale their operations in the competitive Web3 landscape. 

‍

The Hatch Accelerator is a direct collaboration between Lumos Labs and the HederaHBAR Foundation, and it is specifically focused on expanding the Hedera ecosystem. The HederaHBAR Foundation provides the grant funding for the accelerator, demonstrating a significant commitment to nurturing the developer community and driving the adoption of the Hedera network in the rapidly growing Indian Web3 market.

‍