Circle has officially introduced its USDC stablecoin to the Ripple XRP Ledger (XRPL), marking a significant development in decentralized finance (DeFi) and stablecoin liquidity. This launch brings native USDC operations to the XRPL, eliminating the need for bridging and reducing associated risks. Supported by Ripple—the core developer of XRPL—and enabled through Circle's infrastructure like Circle Mint and Circle APIs, the integration facilitates increased accessibility and efficiency for developers, institutions, and users.
The native presence of USDC on the XRP Ledger is expected to enhance stablecoin liquidity and DeFi adoption, with experts highlighting potential benefits for institutional participation and broader crypto market stability. This move comes shortly after Circle’s IPO, which raised $1.1 billion and saw a surge in its stock price, and follows rumors about Ripple considering an acquisition of Circle, which were denied by Ripple's CEO.
With USDC now live natively on XRPL, the stablecoin is available across 22 blockchains, underscoring Circle’s multichain expansion strategy. This integration poises the XRP ecosystem to benefit from increased liquidity, facilitating global money movement, improving capital efficiency in financial applications, and spurring further DeFi development.