Circle, the company behind USDC, has just announced that his popular Stablecoin is now live on the XRP Ledger (XRPL). This means that people can now use USDC directly on XRPL, without having to bridge it from another blockchain.
So what does this mean and why would it give you around?
No more bridging – Only fast, easy access
Of USDC works now Of course, users do not have to go through complicated bridging processes on the XRPL minnet. That means faster access, lower risk and a much smoother experience for anyone who uses USDC on the XRP whides.
Circle, the company behind USDC, confirmed that both Circle Mint and Circle APIs now fully support USDC on XRPL. This makes it much easier for developers and companies to use USDC liquidity and to take advantage of the fast and safe infrastructure of XRPL.
How this changes the game
This launch opens the door for all kinds of real-world use cases:
- Global payments: Companies can now use USDC to send money across borders quickly and more efficiently.
- Defi -Liquidity: Market makers can use USDC to bring liquidity to token pairs and currency exchanges to XRPL.
- Fintech -apps: Wallets, custodians and financial platforms can now integrate USDC directly on XRPL, with faster and more transparent settlements.
Larger ecosystem for USDC
This step also marks an important milestone for the expansion of USDC. Added to the list with XRPL, USDC is now available on 22 different block chains. That is a big step to make stable digital dollars more accessible and more useful around the world.
USDC on XRPL brings two powerful forces together, the stability of a trusted digital dollar and the speed of XRP whides.
Whether you build apps, send money or just explore crypto, this is a step in the direction of a faster, more open financial future.
Credit : coinpedia.org
