Circle Launches Native USDC on OKX's X Layer

Circle has launched native USDC on OKX's X Layer, expanding its dollar-backed stablecoin across an Ethereum-compatible layer-2 network. This move aims to provide developers, businesses, and blockchain applications with access to stablecoin-based payments, decentralized finance, and other financial services without relying solely on bridged versions of USDC.

X Layer, developed by OKX, is designed to support Ethereum-based applications while offering lower transaction costs and faster settlement. With the introduction of native USDC, applications operating on X Layer can use USDC issued directly by Circle, providing an alternative to bridged representations of the stablecoin.

The availability of native USDC simplifies the use of its stablecoin for applications and businesses operating within the network. The integration also gives eligible businesses access to USDC issuance and redemption through Circle Mint on X Layer, providing a direct connection to Circle's stablecoin infrastructure.