USDC has arrived on the XRP network

The average cost of a transaction through XRPL is $0.0038, which processes around 27 transactions per second

USDC on XRP will be useful to exchanges, wallets, institutional traders, and developers. Contracts in USDC on the mainnet and testnet of XRP are already available for review.

The USDC stablecoin, issued by Circle, is now natively available on the XRP Ledger (XRPL), an integration that expands the use cases for this regulated digital currency on a network designed for institutions and banking entities. Circle claims that this integration of USDC will be particularly useful to exchanges, digital wallets, institutional traders, and developers of protocols and applications.

This implementation allows businesses and users to leverage USDC for use cases such as cross-border business-to-business (B2B) payments, benefiting from the speed and efficiency of the XRP Ledger for moving funds. At the time of writing, the average cost of a transaction through XRPL is $0.0038, and its network processes around 27 transactions per second, as reported by CriptoNoticias.

Author: Paulo Márquez