menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Blockchain News

>

Circle Bri...
source image

Pymnts

2d

read

339

img
dot

Image Credit: Pymnts

Circle Brings Its USDC Stablecoin to Ripple’s XRPL Blockchain

  • 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.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app