Summary
- The dollar-based stablecoin USDC has been officially launched on XRP Ledger.
- USDC can now be used directly on XRP Ledger without a separate bridge.
- It was explained that the utility of USDC will increase for various investment demands such as enterprise payments, DeFi liquidity provision, and market making.
The dollar-based stablecoin USD Coin (USDC) has been officially launched on XRP Ledger.
On the 12th (local time), Circle, the stablecoin issuer, announced via its official X (formerly Twitter), "USDC is now fully operational on XRP Ledger," adding, "With this, USDC receives native support across a total of 22 blockchains." It explained that USDC can now be used directly on XRP Ledger without a separate bridge.
Circle stated, "USDC can be applied to various demands including enterprise B2B payments, DeFi liquidity provision, and integration of custody and wallet infrastructure," adding, "In particular, USDC's utility is expected to increase for market making to secure token pair and foreign exchange liquidity."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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