Key facts
- Circle has launched USDC on OKX's X Layer blockchain.
- Circle has launched its Cross-Chain Transfer Protocol (CCTP) on OKX's X Layer.
- X Layer is an Ethereum-compatible layer-2 network.
- The integration provides direct access to Circle-issued USDC for users and developers on X Layer.
- The launch facilitates cross-chain transfers.
- The launch supports DeFi and payment applications on X Layer.
Circle has announced the deployment of its USD Coin (USDC) stablecoin and its Cross-Chain Transfer Protocol (CCTP) onto X Layer, OKX's Ethereum-compatible layer-2 network. This strategic integration provides users and developers on X Layer with direct access to Circle-issued USDC. The presence of USDC on X Layer is expected to facilitate smoother and more efficient cross-chain transfers of value.
Furthermore, the launch supports the development and operation of various decentralized finance (DeFi) and payment applications within the X Layer ecosystem. Developers can now leverage Circle's infrastructure to build applications that require stable, regulated digital currency. The CCTP component specifically enables the seamless movement of USDC across different blockchain networks, enhancing interoperability.