The world’s largest regulated(1) stablecoin brings liquidity and opportunity to the XDC ecosystem.
Circle will soon launch USDC on the XDC Network, adding another marker to XDC’s progress in the rapidly evolving tokenization landscape. USDC positions the network for growth within its DeFi ecosystem and for broader network adoption.
The fully-reserved stablecoin provides near-instant settlement on a blockchain that already employs advanced security and scalable, low-cost benefits. Trade finance and institutional applications can benefit through improved liquidity, reduced counterparty risk, and a widely-adopted, yet seamless settlement process.
With a market capitalization that currently exceeds $68B, the amount of USDC in circulation has more than doubled since August 2024. The dollar-pegged stablecoin, with its broad usage and acceptance, gives XDC-based decentralized exchanges, lending platforms, and payment applications a platform to scale faster, while appealing to users, developers, and institutions seeking a stablecoin designed to maintain a stable value.
Circle Cross Chain Transfer Protocol (CCTP) V2 provides the rails for USDC to move natively across multiple supported blockchains with 1:1 capital efficiency and no reliance on bridged or wrapped assets. USDC is issued through regulated affiliates of Circle Internet Group, Inc. (“Circle”) the global financial technology firm and eligible businesses can exchange USD for USDC by applying for a Circle Mint(2) account.
(1) USDC is issued by regulated affiliates of Circle. A list of Circle’s regulatory authorizations can be found here.
(2) Circle Mint and money transmission services are provided by Circle Internet Financial, LLC. Circle Internet Financial, LLC, NMLS # 1201441, is a licensed provider of money transmission services. A full list of Circle’s licenses can be found here. Circle Mint is currently available only to institutions and is not available to individuals.
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