USDC Expands to XDC Network with Native Integration via Circle's CCTP V2

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.