Circle Expands USDC Reach to XRP Ledger Blockchain

Circle Expands USDC Reach to XRP Ledger Blockchain

The stablecoin USDC, issued by Circle, has been launched on the XRP Ledger (XRPL), according to an announcement by Ripple. This integration allows users to transfer USDC via the XRPL network, using an auto-bridging mechanism that employs XRP as the intermediary currency between decentralized exchanges (DEXs).

Markus Infanger, Senior Vice President of RippleX, stated that stablecoins serve as essential entry points between traditional financial markets and the crypto ecosystem. He emphasized that the focus is on utility rather than speculation.