$USDC $USDC Circle, the issuer of the stablecoin USD Coin (USDC), expanded its digital asset to new blockchain networks following its successful debut on the New York Stock Exchange.

The company, which arrived on Wall Street in early June, experienced a 280% jump in its stock price since its market debut and solidified its position as one of the key players in the cryptocurrency sector.

As part of this push, the firm expanded its stablecoin, the second largest by market capitalization, to various innovative networks in the Web3 industry and traditional finance. Among them are:

- XRP Ledger

- World Chain

- Matera

This strategic move aims to strengthen the interoperability of USDC and facilitate its adoption in different financial ecosystems.

The integration of USDC into XRP Ledger represents a significant advancement for the network linked to Ripple. With this incorporation, users and developers will be able to utilize the stablecoin without the need for bridges between chains, which improves the efficiency and security of transactions.

Circle emphasized that this expansion enhances the liquidity of USDC in XRPL and enables its use in institutional and commercial applications.

Source: iPro UP