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
Strategy CEO Phong Le says MSCI exclusion has little impact, about 3% of stocks are related to the index
EUR/USD: ECB hawks lag Fed – ING
US Dollar: Resilient as Fed stays hawkish – TD Securities
Goldman Sachs: Applied Materials (AMAT.US) Posts Solid Q4 Results, DRAM and Advanced Packaging to Drive Accelerated Growth by 2027
Goldman Sachs maintains its "Buy" rating on Applied Materials but lowers its 12-month target price from $670 to $580.
Crypto prices
More
