USDC Expands to OKX Ecosystem with X Layer Launch

Circle has expanded its USDC stablecoin to the OKX ecosystem through its X Layer launch. This rollout provides users of the Ethereum layer-2 network with access to Circle-issued USDC and cross-chain transfers as the stablecoin gains traction across major blockchain ecosystems.

X Layer is connected to one of the world's largest cryptocurrency exchanges by trading volume, further solidifying USDC's presence in the market. The integration allows native USDC and Cross-Chain Transfer Protocol (CCTP) to be used on X Layer.

CCTP enables USDC to move between X Layer and other supported blockchains through a process of burning tokens on the source chain and minting an equivalent amount on the destination chain. This supports various use cases, including payments, decentralized finance lending and borrowing, trading, and cross-chain transfers.