Circle Internet Group officially integrates native USDC on XRP Ledger, expanding to 22 chains and eliminating bridge needs.
Circle Internet Group announced on 11/6 that the stablecoin USDC is officially supported natively on XRP Ledger, marking an important step in cross-chain finance. This implementation is carried out through Circle Mint and Circle APIs, completely eliminating the need for bridges and providing direct access to USDC for developers, financial institutions, and individual users.
The NYSE-listed financial technology company stated that businesses can convert fiat to USDC through the Circle Mint platform, while individual users can access it through providers in the XRPL ecosystem. This zero-bridge integration allows real-time payments and seamless liquidation without complex intermediary solutions.
XRP Ledger, operational since 2012, is a decentralized Layer-1 blockchain optimized for encoding and trading both native blockchain assets and real assets. This network has processed over 3.3 billion transactions and is supported by global organizations like Ripple, XRPL Labs, XRPL Foundation, and XRPL Commons.
Expanding DeFi and Payment Applications
USDC's native integration with XRPL opens up many application opportunities in key digital finance areas. Use cases include global money transfers, real-time payments, decentralized financial services, and low-fee fiat loading mechanisms. Circle also provides APIs to help developers easily access stablecoin liquidation on XRPL, and offers a testnet Faucet for testing.
The company has announced public wallet addresses for USDC's mainnet and testnet on XRPL, allowing exchanges, storage wallets, and applications to support USDC immediately. With XRPL becoming the 22nd chain to support native USDC, Circle reaffirms its multi-chain expansion strategy to increase accessibility and interaction between different blockchains.
