Cardano is now connected to Circle xReserve, enabling the launch of USDCx on the network and providing developers and users with a USDC-backed stablecoin that unlocks access to crosschain USDC liquidity.
USDCx on Cardano is a dollar-denominated stablecoin issued by a decentralized protocol and fully backed by USDC held in Circle xReserve. The interoperability infrastructure operates through a non-custodial smart contract that holds reserves and provides deposit and minting attestations, ensuring secure and verifiable asset issuance as well as crosschain transfers.
xReserve works in tandem with Circle Gateway and Circle’s Cross-Chain Transfer Protocol (CCTP), allowing USDCx to interoperate with USDC across supported blockchains without relying on third-party bridges.
With the integration, developers can leverage USDCx for DeFi lending and borrowing with stable liquidity, more efficient trading pairs on Cardano-based DEXs, cross-border payments with compliance-focused infrastructure, and real-world asset (RWA) settlement including tokenized real estate and credit products.
At launch, USDCx is supported by Cardano applications such as Liqwid, Minswap, and SundaeSwap, enabling swapping, trading, lending, borrowing, liquidity provision, and staking within the ecosystem.
Users can deposit USDC from supported centralized exchanges directly into Cardano wallets without interacting with Ethereum or other blockchains. Exchanges supporting USDC on Base can seamlessly transfer USDCx without intermediary steps.
Source: Official Cardano and Circle integration announcement
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