As digital finance continues to evolve, the need for scalable, enterprise-grade infrastructure is more pressing than ever. To bridge traditional commerce and DeFi require not just innovation but also speed and stability. As part of xMoney’s (formerly Utrust and Twispay) ongoing commitment towards this goal, today announced the completion of USDC integration with the Hedera network.
The integration of USDC on Hedera signals a strengthening of xMoney’s decades-long relationship with the Hedera ecosystem and aims to provide merchants and global partners with a payment rail capable of supporting serious operational volumes.
A Strategic Deepening of Collaboration
Using USDC within the xMoney ecosystem on Hedera does not just happen overnight, it’s been mutual collaboration over many years. xMoney has always tried to give its merchants the tools they need to carry out the most effective cross-border transactions, and through Hedera’s Hashgraph protocol, it will benefit from an innovative way to do so. Hedera will allow them to conduct cross-border transactions using a Proof-of-Work model while achieving much higher throughput than traditional Proof-of-Work blockchains. It also provides lower and more predictable fees compared to using a conventional blockchain.
xMoney removes barriers to USDC transactions on the Ethereum blockchain by eliminating gas fees and reducing transaction settlement times through the use of USDC. This allows companies to do business efficiently according to current standards for security and compliance.
Real-World Scalability for Merchants
Merchants opt for the xMoney Platform primarily due to its exceptional scalability in real-world applications. Hedera has demonstrated true scalability, via live enterprise environments, while many other blockchain companies rely on lab settings to demonstrate their ability to process transactions at high speeds. Payments to or from merchants using USDC on Hedera have near-instant finality.
Industries that regularly engage in frequent transactions or operate with low margins often find it unmanageable to pay for traditional credit card processing fees (between 2 and 4%). Utilizing the efficiency of the Hedera network, xMoney allows its global user community to enjoy an easier and less costly way to transact.
Strengthening the Web3 Ecosystem
xMoney’s changeover is aligned with how other fintech companies are changing toward specialized networks to improve specific operations. Many Fintech platforms are also using specialized networks in order to increase their users’ experience.
xMoney is moving forward with developing their ecosystem by creating “rails that support high-volume transaction capabilities.” The goal of this integration is that the base technology used to support the high-volume of transactions will not limit the ability of more merchants to switch over to using Web3.
Conclusion
The launch of USDC on Hedera in the xMoney ecosystem signifies a key development for blockchain-centric retail commerce. Transparency is now achievable as technology evolves to fulfill the “enterprise-ready” needs of retailers. The combination of USDC’s stability with Hedera’s performance and the scale of xMoney will help bring the entire digital payment industry significantly closer to mainstream adoption. As the xMoney team likes to say: “We continue to build. You continue to grow.”
