XRP News Today: Circle’s USDC Now Live on XRP Ledger for Enhanced Cross-Chain Finance

Circle’s USD Coin (USDC), the world’s second-largest stablecoin, has been officially integrated natively on the XRP Ledger (XRPL). This integration allows developers and institutions direct access to a trusted, dollar-backed stablecoin without the need for bridges or wrapped tokens. The addition of USDC significantly enhances the XRPL’s financial infrastructure, enabling more secure and efficient cross-chain operations and giving the digital dollar a broader reach into enterprise-grade finance.

The integration of USDC on the XRPL transforms the network into a more versatile financial ecosystem. Institutions can now use USDC for enterprise B2B payments and settlement, taking advantage of the XRPL’s high throughput and low transaction fees. Circle’s APIs and its institutional platform, Circle Mint, now fully support the XRPL. This empowers fintechs, custodians, and wallets to integrate USDC directly, eliminating friction in onboarding and improving user experience.

The native support for USDC also holds enormous promise for decentralized finance on the XRPL. Market makers on the XRPL’s built-in decentralized exchange (DEX) can now leverage USDC to provide deeper liquidity for token pair trading and foreign exchange flows. This gives DeFi developers access to a trusted, fully reserved, and 1:1 backed stablecoin, which is critical for enhancing capital efficiency. The network’s existing support for other stablecoins like RLUSD, USDB, and EURØP adds to its growing ecosystem. However, USDC stands out due to its regulatory backing and massive market presence. With native issuance on XRPL, Circle has already minted over $2 million in USDC, ensuring strong initial liquidity.

This move underlines a broader trend toward blockchain interoperability. With USDC now live on 22 different blockchains, its utility as a universal, cross-chain dollar grows stronger. Just days before the XRPL launch, Circle also deployed USDC on World Chain, using the upgraded Cross-Chain Transfer Protocol (CCTP V2). The launch is timely, as it coincides with significant progress on the US stablecoin bill known as the GENIUS Act, indicating growing regulatory clarity. The U.S. Senate recently voted in favor of the bill, signaling bipartisan support for digital dollar frameworks. These developments together mark a turning point for stablecoin utility in regulated finance.

Circle, a prominent issuer of stablecoins, has announced the native integration of its USD Coin (USDC) stablecoin on the XRP Ledger (XRPL). This development marks a significant milestone in the realm of cross-chain finance, enabling real-time payments and seamless liquidity. With this integration, users and developers can now build applications using USDC on the XRPL without the need for third-party tools or cross-chain bridges. This move simplifies the process of transferring USDC to the XRPL, enhancing the overall user experience and efficiency.

Ask Aime: What is the impact of Circle's USDC on the XRP Ledger?

The XRPL is now the 22nd blockchain network to natively support USDC, following Circle's ongoing efforts to expand multi-chain support. Recently, USDC has also been introduced on World Chain, co-founded by Sam Altman, and Sonic, backed by Andre Cronje. This expansion underscores Circle's commitment to broadening the accessibility and utility of its stablecoin across various blockchain platforms.

The integration of USDC on the XRPL opens up new possibilities for enterprise B2B payments, global money movement, and capital efficiency. Developers, institutions, and users can now leverage the world’s largest regulated stablecoin on a network known for its high-speed transactions and trusted security model. This collaboration is expected to drive innovation in the financial technology sector, fostering the development of new applications and services that benefit from the combined strengths of USDC and the XRPL.

In addition to the USDC integration, the XRPL has seen other notable developments. Ondo Finance introduced its tokenized money market fund, OUSG, on the XRPL, facilitating subscriptions and redemptions using Ripple’s RLUSD stablecoin. This expansion enables access for qualified and institutional investors, marking the fourth blockchain platform to support OUSG, following Ethereum, Polygon, and Solana. OUSG is a leading tokenized US Treasury with a significant market presence.

The native support of USDC on the XRPL is a testament to Circle's strategic vision and its dedication to advancing the adoption of stablecoins in the digital asset ecosystem. By leveraging the XRPL's robust infrastructure, Circle aims to provide a more efficient and secure platform for financial transactions, ultimately benefiting users and developers alike. This integration is poised to accelerate the growth of cross-chain finance, paving the way for a more interconnected and seamless financial landscape.