Circle launches USDCx on Cardano
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Foresight News reports that Circle has launched USDCx on Cardano. USDCx is backed by USDC held in Circle xReserve. Circle xReserve stores funds in non-custodial smart contracts and provides deposit and minting proofs for USDCx on Cardano, enabling secure and verifiable asset issuance and cross-chain transfers.
USDCx on Cardano can interoperate cross-chain with other blockchains that have native USDC through CCTP, without relying on third-party cross-chain bridges.
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