Circle Announces USDC Is Live on the XRP Ledger (XRPL) Mainnet

This native integration is accessible to developers, institutions, and users with no bridging required.

Circle’s USDC stablecoin has launched on the XRP Ledger (XRPL) mainnet following a partnership between the two firms.

This integration will allow institutions, developers, and users to access USDC on the XRPL without any bridging required. In addition to superior usability, this partnership will also combine both firms’ long-term focus on bringing crypto to the world economy.

USDC Cross-Chain Trading Reaches New Highs

Since Circle’s landmark IPO was such a major success, the stablecoin issuer now has greater flexibility to expand its network functionality.

Earlier this month, USDC’s cross-chain trading reached an all-time high. With this in mind, Circle’s decision to integrate the asset with XRPL could help to boost it even further.

According to the official announcement, the firm’s XRPL integration includes several novel features. Circle Mint and Circle APIs now fully support USDC on the XRPL, making it easy for institutions to access USDC liquidity and benefit from the XRPL’s fast and secure network.

Exchanges, digital wallets, institutional traders, and developers can also leverage USDC for several purposes. By using Circle Mint and APIs on the XRPL, these firms and individuals can access DeFi financial services, send payments across borders, and enjoy easy onramps and offramps from USDC to fiat.

Although Ripple recently denied claims of an attempted Circle buyout, it has plenty to gain from integrating USDC on the XRPL. The company is trying to massively expand, aiming to control 14% of global SWIFT liquidity by 2030.

Circle has a massive global user base, and this partnership brings several benefits to Ripple:

* Greater stablecoin adoption on the XRPL, which will increase overall activity and attract more users.

* Increased institutional participation in the blockchain ecosystem.

* Improved capital efficiency with faster and more efficient cross-border payments.

“Stablecoins are key entry points connecting traditional financial markets. Regulated stablecoins like USDC coming to the XRPL will enable new institutional and retail use cases by leveraging the ledger’s built-in capabilities for compliance, tokenization, low-cost settlement, and seamless on/off-ramps,” said Markus Infanger, Senior Vice President at RippleX.

As stablecoins become a bigger component of global currency flows, partnerships like Circle’s XRPL integration could serve as key building blocks.

Both firms are reaching new levels of compliance with US and international regulators, and this will further support these ambitious goals.

Ultimately, today’s partnership will allow more institutions that use Ripple’s global payment system to utilize stablecoins for even faster settlements.