Golden Finance reports that Circle released a message on the X platform, announcing that the native USDC has officially gone live on the XRP Ledger. This move means that developers, institutions and users on XRP Ledger will henceforth receive strong support from native stablecoins.
As a well-known stablecoin, USDC is usually pegged to the US dollar and plays a significant role in stabilizing value and serving as a medium of exchange in the cryptocurrency market. The launch of the native USDC on XRP Ledger this time is expected to further expand its application scenarios. For developers, they can develop more innovative applications related to USDC based on XRP Ledger. Institutional investors can leverage the features of XRP Ledger to conduct asset trading and management more efficiently. When ordinary users perform various operations using XRP Ledger, they can also obtain a more convenient and stable payment and transaction experience due to the support of the native USDC.
With the continuous development of the cryptocurrency market, the application scope of stablecoins is constantly expanding. Previously, Circle has been actively laying out USDC on multiple platforms and fields. This time, launching native USDC on XRP Ledger is another significant move for it to expand its market territory. In the future, it is expected to have a significant impact on the XRP Ledger ecosystem and the stablecoin landscape of the entire cryptocurrency market.
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