Circle Replaces Bridged USDC with Native Version on X Layer

Circle has expanded its presence on X Layer by replacing bridged USDC with native USDC, making it fully reserved and 1:1 redeemable. This move is in line with Circle's commitment to CCTP-readiness and MiCA-compliance. The native USDC issued by regulated Circle affiliates will be supported from day one by Uniswap for deeper stablecoin liquidity.

USDC's expansion on X Layer marks a significant development in the history of native vs bridged USDC deployments on layer-2 chains. This move highlights Circle's adoption of CCTP and MiCA compliance, which is expected to have an impact on new blockchains.