OORT's Decentralized AI Layer1 Blockchain, Olympus Protocol, Has Officially Integrated Circle-Issued Stablecoin, USDC

This integration makes Olympus Protocol the first decentralized AI-based ecosystem to integrate the USDC (USDC) stablecoin, opening the door for real-world use cases.

Decentralized AI (DeAI) Layer1 chain, OORT’s Olympus Protocol has integrated Circle-issued stablecoin, USDC (USDC).

Olympus Protocol becomes the first decentralized AI-based ecosystem to integrate the USDC (USDC) stablecoin, bringing real-world utility to DeAI and establishing a practical and functional infrastructure with ample liquidity and financial stability for evolving DeAI projects.

Businesses will be able to process AI-driven transactions securely and efficiently using the Circle-issued stablecoin. Moreover, AI companies that use the Olympus Protocol for storage and compute power can make USDC transactions. Thus, developers can use USDC to pay for decentralized cloud computing services via Olympus.

While other Layer 1 chains have USDC integrated into their ecosystems, Olympus Protocol’s specialization in the DeAI sector offers unique access to the emerging AI sector that is making its way through the decentralized crypto space.

Since early 2024, many traders have started relying on AI Agents in trading as more AI-based technology has made innovative strides in the decentralized finance spaces. At press time, AI tokens have accumulated a market cap of more than $22 billion, according to CoinGecko.

Through USDC, Developers will be able to unlock a stable and liquid infrastructure for projects in multiple sectors, including DeFi, Enterprise AI, Data Monetization, AI-powered Identity and Reputation Systems, and more.

This is because Olympus Protocol’s environment offers a myriad of projects and dApps with unique functionalities for AI development. These projects encompass data collection and labeling, data storage, and computing. By merging the stability of USDC with DeAI, Olympus Protocol gears up to drive exponential growth and cutting-edge advancements in the sector.

Not only that, the USDC stablecoin could also facilitate AI-powered trading, lending, and staking projects built on Olympus.

Powered by the Olympus Protocol, OORT offers trustless infrastructure built on AI for enterprises and individuals. Some of their products include OORT Storage, OORT DataHub (for B2C and B2B), as well as the upcoming OORT Compute.

Previously, OORT raised $10 million from several major investors including Taisu Venture, Red Beard Venture, Sanctor Capital, and has received grants from Microsoft and Google.