Circle Ventures invests in Perp DEX edgeX, plans USDC launch on EDGE Chain

Circle, the issuer of the world's second-largest stablecoin USDC, announced today that its investment arm, Circle Ventures, has made a strategic investment in the team behind the decentralized perpetual futures exchange edgeX. The specific investment amount was not disclosed. In the announcement on its official blog, Circle added that it plans to launch USDC and its Cross-Chain Transfer Protocol (CCTP) on EDGE Chain, a Layer 3 blockchain developed by the edgeX team. According to Circle, this will allow users to access native USDC assets on the chain and facilitate seamless cross-chain transfers. USDC is also expected to become more deeply integrated into edgeX's trading, margin, and liquidation systems, serving as a key unit for risk and liquidity management.