Attention: USDC is now available on the XRP Ledger blockchain.
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Circle and Ripple announced last Thursday that the USDC stablecoin is now natively available on the XRP Ledger blockchain, making it accessible to developers, institutions, and users without the need for bridges.
The integration allows exchanges, digital wallets, institutional traders, and developers to use USDC in multiple applications, including real-time cross-border payments, decentralized financial (DeFi) services such as trading and lending, as well as simple entry and exit ramps between fiat currencies and USDC at low costs.
Following its successful IPO, Circle, the issuer of the stablecoin, gained flexibility to further expand the functionality of its network, but the decision to integrate this asset with the XRP Ledger (XRPL) could drive it even further.
The XRP Ledger is recognized for its speed and security, as it has the capacity to process around 27 transactions per second at a very low average cost, which improves the efficiency of these operations.
Markus Infanger, Senior Vice President of RippleX, celebrated this integration and highlighted that “Stablecoins are key entry points that connect traditional financial markets with the crypto space, essential for use cases focused on utility rather than speculation.”