Circle’s USDC stablinc lands natively at XRP Ledger


By Hannah Pérez

Circle is carrying its Usdc token to XRP Ledger a week after its debut in the American Stock Exchange. USDC landed this week also in World Chain while XRP expands its usefulness with an Ethereum sidechain.

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  • Circle is carrying its Usdc token to XRP Ledger.
  • The expansion occurs one week after the circle stock debut in the US stock market.
  • USDC also landed at World Chain this week.
  • Meanwhile, the XRPL Stablecoins ecosystem grows in innovation.
  • Ripple announced the next launch of an Ethereum Sidechain for XRPL.

The XRP ecosystem is expanding with the arrival of USDC.

The second Stablecoin larger in the world, USDC, issued by Circlenow it is available in the block chain layer 1 XRP Ledger (XRPL), closely linked to the payment solution company Blockchain, Ripple.

USDC is now available on XRPL! We are pleased to announce that USDC, the largest regulated stable1 in the world, is now available on the main XRPL network and is accessible to developers, institutions and users, without bridges“, Announced the team of Circle In a statement this Thursday.

As a result of integration, users and developers can now create applications using USDC easily, since they no longer need third -party tools or bridges between chains to take USDC from another network to XRPL.

The institutional platform for the creation of Stablcoins of Circle, Circle MinT, and its API oriented to developers, also admit USDC in XRPL, which reinforces the liquidity of the Stablecoin on the network, according to the company’s statement.

The distinguished product of Circle land on the network Blockchain associated with Ripple a week after the public departure in the United States Stock Exchange of the giant issuer of Stablecoins.

USDC expands natively to XRPL

Circle He experienced a successful debut in NYSE last week, with the price of his shares uploading 200% on the first day of negotiations from the fixed level of the initial public offer (IPO). After trying to go over at least 2021, Circle He completed his IPO on June 5, with high profile clients, including the Japanese Bank SBI, among the first investors.

USDC, linked to the US dollar, is the second largest after USDT of Tetherwith a current market capitalization of USD $ 61.1 billion, according to data from Coinmarketcap.

For USDC, XRPL integration represents a expansion of your native support to your 22nd network Blockchain. The Stablecoin already runs in networks like Ethereum, Algorand, Avalanche, Polygon, Stellar and Baseto mention some. Just one day ago, the identity project World From Sam Altman, he announced USDC’s native arrival to his block chain, World Chain.

XRP expands its utility driven by innovation

This development is also a great advance to XRP Ledger within the market of Stablecoinswhere it is relatively new. In particular, it means that now a total of five tokens with fiduciary parity are available on the network. In addition to USDC there are also RLUSD, the stablecoin of Ripple linked to the US dollar, and XSGD, backed by the Singapore dollar.

From Singapore to countries in Europe and the United States, the stablecoins called in three leading coins —USDC, XSGD, and Eurøp“Now they are live at the XRPL.” Together, they reflect a growing confidence in the regulatory design of XRPL, deep liquidity and its role as a global block chain built for the finance of the real world“, wrote Ripple In a statement.

The growing offer of Stablecoins In XRPL it will not only help accelerate institutional adoption but also expands the usefulness of XRP, the native token of the network. It also means greater ease than ever for users and institutions when making transactions across borders payments or remittances and access to a diverse ecosystem of tools to create global applications.

As XRPL expands their offers from Stablecoin With USDC, the block chain also plans to launch a side chain compatible with the Ethereum virtual machine (EVM) in the second fiscal quarter of 2025, as we report yesterday.

XRP is the fourth largest cryptocurrency, with a market capitalization of USD $ 132.4 billion. Its price is USD $ 2.24, 3% lower in the last 24 hours, at the time of writing these lines, according to Coinmarketcap.


Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI tool, under free use license

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