Ripple has partnered with Circle to bring USDC stablecoin to Ripple's XRPL blockchain.
The collaboration aims to connect traditional financial markets with the crypto space for utility-driven use cases.
The move is expected to enable new institutional and retail use cases leveraging XRPL's compliance, tokenization, low-cost settlement capabilities.
Circle's Chief Product and Technology Officer mentioned that USDC on XRPL will unlock new possibilities for developers to create financial applications.
The partnership with World involved converting bridged USDC on World Chain to native USDC, backed by highly liquid cash assets.
Circle's successful NYSE debut on June 5 highlighted growing investor interest in tech-driven money movement transformations.
Circle's IPO success indicates a shift towards upgrading to internet-based financial systems.
Investors have been actively supporting tech innovations in money movement, with Circle's venture arm investing in stablecoin-focused platforms like Conduit.