Circle Internet Group officially integrates native USDC on the XRP Ledger, expanding to 22 blockchains and eliminating the need for a bridge.
Circle Internet Group announced on June 11th that the USDC stablecoin is officially natively supported on the XRP Ledger, marking a significant milestone in the field of cross-chain finance. This deployment is carried out through Circle Mint and Circle APIs, completely eliminating the need for bridges and providing direct access to USDC for developers, financial institutions, and individual users.
The NYSE-listed fintech company with the ticker CRCL stated that businesses can convert fiat currency to USDC through the Circle Mint platform, while individual users can access it through providers in the XRPL ecosystem. This zero-bridge integration allows for real-time payments and seamless liquidity without the need for complex intermediary solutions.
The XRP Ledger, operational since 2012, is a decentralized Layer-1 blockchain optimized for the encoding and trading of both blockchain-native assets and real-world assets. This network has processed over 3.3 billion transactions and is supported by global organizations such as Ripple, XRPL Labs, XRPL Foundation, and XRPL Commons.
Expanding DeFi applications and payments
The native integration of USDC with XRPL opens up many application opportunities in key areas of digital finance. Use cases include global remittances, real-time payments, decentralized financial services, and low-fee fiat on-ramp mechanisms. Circle also provides an API that allows developers to easily access stablecoin liquidity on XRPL while offering a testnet faucet for experimentation.
The company has announced the public wallet addresses for the mainnet and testnet of USDC on XRPL, allowing exchanges, wallets, and applications to support USDC immediately. With XRPL becoming the 22nd blockchain to support native USDC, Circle reaffirms its multi-chain expansion strategy to enhance accessibility and interaction between different blockchains.
