Circle’s USDC and CCTP V2 are both now live on XDC Mainnet. With this launch, network users will gain access to the world’s largest regulated(1) stablecoin and crosschain liquidity.
With its 1:1 capital efficiency, USDC is used globally to settle transactions, provide liquidity, and service many other use cases. CCTP V2 enables seamless crosschain transfers across supported blockchains without reliance on bridged or wrapped assets.
Circle Mint(2) accounts are available for eligible businesses to exchange USD for USDC, providing institutional on-ramps and direct access to the stablecoin’s utility.
All XDC Network users can easily integrate USDC into their applications and benefit from the following:
Regulated, dollar-pegged liquidity to power the next generation of trade finance and RWA tokenization.
Enterprise-grade stablecoin infrastructure for tokenization, payments and DeFi.
Ultra-low fees and high performance from XDC Network’s delegated proof-of-stake network, capable of near instant transactions and near-zero gas costs.
As one of the world’s leading Layer 1 blockchains for tokenized real-world assets (RWAs) and trade finance, XDC Network is positioned for further growth in its DeFi ecosystem. USDC also continues to grow - with over $72.5B in circulation as of September 16th.
USDC is issued by regulated affiliates of Circle. A list of Circle’s regulatory authorizations can be found here.
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. [link] Circle Mint is currently available only to institutions and is not available to individuals.
Read more about the XDC Network on Medium.
