Circle Launches Stablecoin USDC on XRPL

Circle, which listed on the New York Stock Exchange earlier this month, announced on the 12th that its stablecoin 'USDC' can now be issued and used on the XRP Ledger (XRPL), the blockchain for the cryptocurrency XRP. USDC ranks second in market capitalization among stablecoins, and with this development, it is now compatible with 22 different blockchains. Going forward, it will support various use cases on XRPL. Institutions, developers, and users can now utilize USDC on XRPL without the need for any bridges. Circle stated that 'the XRPL ecosystem will facilitate easy access to USDC liquidity...'