USDC Goes Live on XRPL Enabling Fast Stablecoin Transactions

USDC is now available directly on the XRP Ledger, expanding access to fast, secure, stablecoin transactions without the need for bridges. Concurrently, USDC recently went live on World Chain.

USDC is Now Live on the XRP Ledger

Circle has launched USDC on the XRP Ledger (XRPL), bringing the stablecoin native access to customers, builders, and financial institutions.

With this update, bridging across to other blockchains will no longer be required, making access to USDC liquidity on XRPL quicker.

Consequently, the integration will allow users of the XRPL network to utilize the USDC without transferring assets between chains. Such an improvement caters to the rising needs of stable and regulated digital currencies in high-performance blockchain environments.

Moreover, the development comes barely a month after the first euro stablecoin went live on Ripple’s XRPL.

EURØP is issued by Schuman Financial and meets all requirements under the EU’s MiCA framework. Each token is backed 1:1 with euros held in regulated European banks such as Société Générale. KPMG audits the reserves to ensure full transparency.

Circle Mint and APIs Fully Support USDC on XRPL

More so, Circle confirmed that both Circle Mint and its API infrastructure now fully support USDC on XRPL.

This provides institutional traders, exchanges, and developers with easy tools to mint, redeem, and manage USDC.

These capabilities support businesses building payment services, trading platforms, and decentralized finance products.

Additionally, the support also simplified the operations for wallet providers and cross-border payment firms.

Developers can now connect directly to Circle APIs and plug into a regulated stablecoin with live access to the fast finality of the XRPL.

XRPL Processes Billions of Transactions

Moreover, the XRP Ledger has been a decentralized Layer-1 blockchain since 2012, offering the tokenization of assets and safe transfer of value.

It has already passed over 3.3 billion transactions. XRPL is decentralized and does not need centralized intermediaries; it is friendly to a wide range of enterprise and developer activity.

With a network maintained by a global community of validators and developers, including entities such as Ripple, XRPL Labs, XRPL Commons, and the XRPL Foundation, the ledger has been adopted for diverse applications.

These include decentralized finance applications to remittance instruments, which reaffirm the viability of XRPL as a high-throughput chain to exchange value.

Besides, the architecture of the XRPL makes it specifically well-tailored to applications with fast settlement time requirements, predictable fees, and low energy usage. These features have been brought to USDC users, providing better real-time transactional abilities to stablecoin holders.

USDC Also Went Live on World Chain

In a parallel development, USDC also launched on World Chain, another blockchain platform aimed at broadening access to stable digital currencies.

The World Chain integration reflects a wider push by Circle to make USDC available across multiple chains and ecosystems.

Consequently, this growth will allow developers and users across different ecosystems to engage with the same trusted stablecoin.

Circle is enabling USDC to become a multi-chain settlement layer by supporting XRPL and World Chain. These are two of the leading chains in the global financial applications ecosystem.

Furthermore, this dual deployment also supports emerging applications in real-time payments, remittances, and digital commerce across different networks.

The migration facilitates wider usage in both conventional finance and Web3 services, where speed and predictability of digital dollars are of utmost importance.

Recently, Circle Internet Financial successfully launched its Initial Public Offering (IPO) on the New York Stock Exchange under the ticker “CRCL,”. This prompted Coinbase CEO Brian Armstrong to call USDC “the most trusted stablecoin.”

The IPO listing, where CRCL stock surged more than 200%, is a big milestone in regulated crypto finance.

Circle had already rejected acquisition offers from Ripple and Coinbase and instead opted to expand to public markets.

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