Circle, a US-based publicly traded crypto firm, has expanded the reach of its USD Coin (USDC) stablecoin to the XRP Ledger (XRPL), adding another blockchain to its growing ecosystem, according to a June 12 statement.
On-chain data shows that around $2 million worth of the asset had been minted on the network as of press time.
This expansion follows Circle’s recent integration of USDC into World Chain through its upgraded Cross-Chain Transfer Protocol (CCTP V2). With this release, USDC now operates natively across 22 blockchains.
USDC on XRPL
According to Circle, USDC’s presence on the XRPL mainnet gives developers, businesses, and users seamless access to the asset.
The integration eliminates the need for third-party bridges, streamlining USDC’s use on the ledger. Circle Mint and its APIs now support USDC transactions on XRPL, improving access to liquidity and reducing settlement times.
Circle sees a broad range of use cases for USDC on XRPL, including business payments, liquidit
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