Circle Embeds Native USDC and CCTP on OKX's X Layer
Circle has expanded its reach in the cryptocurrency ecosystem by deploying native USDC and Cross-Chain Transfer Protocol (CCTP) on OKX's X Layer.
This move allows over 120 million users in the OKX ecosystem to access a fully reserved, dollar-backed digital currency for payments, decentralized finance, and automated applications.
Circle has also activated CCTP, which uses a burn-and-mint mechanism to transfer USDC between blockchains, eliminating the need for wrapped assets and fragmented liquidity pools.
The integration deepens the utility of OKX's layer-2 network, transforming it from a general-purpose scaling solution into a venue with a native, regulated settlement asset.