CoinTelegraph

Circle Brings USDC to OKX Ecosystem with X Layer Launch

August 7, 202602:36 PM
Circle Brings USDC to OKX Ecosystem with X Layer Launch

Circle has launched its USDC stablecoin on X Layer, OKX's Ethereum layer-2 network, extending the stablecoin to an ecosystem connected to one of the world's largest cryptocurrency exchanges by trading volume. The Cross-Chain Transfer Protocol (CCTP) is now available on X Layer, enabling USDC to move between X Layer and other supported blockchains through a burn-and-mint mechanism.

This strategic expansion strengthens USDC's presence across major blockchain ecosystems, supporting use cases including payments, decentralized finance lending and borrowing, trading, and cross-chain transfers. X Layer's Ethereum Virtual Machine (EVM) compatibility allows applications built for Ethereum to run on it with minimal modifications, significantly expanding the potential adoption and utility of USDC within the growing OKX ecosystem.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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