Circle launches USDCx on Cardano
Foresight News reports that Circle has launched USDCx on Cardano. USDCx is backed by USDC held in Circle xReserve. Circle xReserve stores funds in non-custodial smart contracts and provides deposit and minting proofs for USDCx on Cardano, enabling secure and verifiable asset issuance and cross-chain transfers.
USDCx on Cardano can interoperate cross-chain with other blockchains that have native USDC through CCTP, without relying on third-party cross-chain bridges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
GBP/USD Price Forecast: Sticks to bullish near 1.3400 ahead of BoE decision on Wednesday
SOL fell below $95, with a 24-hour decline of 0.72%.
Bitcoin 39% Below Peak, Meme Coins Down Up to 99%, but S&P 500 Near Record
Crypto prices
More
