OKX Integrates Circle's USDC Stablecoin on X Layer Blockchain

OKX's X Layer blockchain has integrated Circle's USDC stablecoin and its Cross-Chain Transfer Protocol (CCTP), enabling regulated dollar-denominated payments, lending, and borrowing on the platform.

The native integration of USDC and CCTP aims to reduce fragmentation across blockchains by facilitating seamless cross-chain liquidity and settlement. Prior to this launch, X Layer supported only a bridged version of USDC, which was transferred from Ethereum but not natively issued by Circle.

With native USDC now live on X Layer, OKX plans to transition liquidity from the bridged version to the native token over time. This means access to Circle-issued USDC, fully backed by dollar reserves and redeemable 1:1 for USD.

CCTP allows developers to move USDC efficiently between X Layer and other blockchains that support the protocol, enabling multi-chain liquidity or cross-chain settlements. By leveraging CCTP, X Layer developers can secure a competitive edge in DeFi and AI-native workflows where seamless asset transfers are critical.