Odaily Odaily reports that the cryptocurrency exchange Gate has officially launched support for USDCx deposits and withdrawals on the Canton Network. Users can now use USDCx in trading and asset management on the platform. To coincide with this launch, Gate is also offering several promotional activities, including CandyDrop, a USDCx deposit challenge, and a savings account management program, with a total reward pool of Canton ecosystem tokens (CC) equivalent to $150,000.
Public information shows that USDCx is a stablecoin natively issued on the Canton Network, backed 1:1 by USDC. Its reserves are stored in the Circle xReserve smart contract and comply with the CIP-56 standard. It has interoperability and full composability across different applications and asset scenarios, while also taking into account privacy requirements.
The launch of USDCx on Gate, along with its multi-dimensional incentives, will help enhance the liquidity and user reach of the Canton ecosystem. It also reflects the platform's long-term commitment to continuously integrating emerging public blockchain ecosystems, expanding interoperable digital asset infrastructure, and supporting the evolution of institutional-grade on-chain finance. In the future, Gate will continue to expand its cooperation with high-quality on-chain assets and ecosystems, promoting more innovative assets and application scenarios to global users.
