Circle, the issuer of USD Coin (USDC), has launched native USDC on the XDC Network, marking the stablecoin's expansion to its 24th blockchain ecosystem. This integration leverages Circle's Cross-Chain Transfer Protocol (CCTP) V2, which uses a "burn and mint" mechanism to enable seamless, bridge-free transfers of USDC across chains without relying on wrapped tokens or third-party custody.
The native launch eliminates previous inefficiencies associated with wrapped tokens on XDC, offering faster transaction finality, lower fees, and enhanced security through smart contract-level transfers. Developers on the XDC Network can now integrate USDC directly into dApps and DeFi protocols, benefiting from predictable token flows and USD-denominated pricing. This is particularly significant for enterprise applications, including tokenized bonds, supply chain finance, and cross-border payments.
Circle CEO Jeremy Allaire emphasized that this move supports broader mainstream adoption, especially in regions with underdeveloped financial infrastructure. The integration aligns with USDC's multi-chain strategy, following similar expansions on networks like Ethereum, Solana, and Polygon, reinforcing its role as a global digital dollar for interoperable finance.
