Circle’s USDC stablecoin (USDC) launched on the XRP Ledger (XRPL) on Thursday, bringing the overcollateralized dollar-pegged token to users of the layer-1 blockchain network.
According to an data-ct-non-breakable=”null” href=”https://ripple.com/ripple-press/ripple-and-circle-launch-usdc-on-the-xrp-ledger/” rel=”noopener nofollow” target=”_blank” title=”null”>announcement from Ripple, the launch of USDC on the platform will enable investors to use XRP as a bridge currency to transfer their stablecoins between decentralized exchanges (DEXs) through an auto-bridging feature. Markus Infanger, the senior vice president of RippleX added:
lockquote data-ct-non-breakable=”undefined”>“Stablecoins are key entry points connecting traditional financial markets with the… lockquote>
