Global finance platform Uphold has integrated the USDC stablecoin on the XRP Ledger (XRPL), enabling instant, low-fee transfers and boosting cross-border crypto payment capabilities. This integration allows users to deposit and withdraw USDC directly between Uphold and XRPL wallets, facilitating near-instant settlements with minimal transaction costs.
The partnership leverages XRPL's scalable, energy-efficient blockchain technology alongside USDC's stability to optimize real-world payment use cases. It supports a seamless experience for businesses, developers, and individual users by providing real-time payments and expanding multi-chain interoperability.
Ripple has collaborated with Circle and Uphold in this initiative, targeting increased institutional and retail adoption of stablecoins through XRPL's compliance-friendly infrastructure. The move opens new pathways for financial applications, including decentralized finance (DeFi), tokenization, and regulatory-compliant transactions.
Uphold has also launched a weekly trading contest encouraging USDC and XRP activity, offering incentives such as $10,000 in XRP prizes. By integrating USDC on XRPL, Uphold aims to broaden blockchain accessibility and simplify digital asset management for its customers worldwide.