USDC Expands to OKX Ecosystem with X Layer Launch

Circle has expanded its USDC stablecoin to OKX's ecosystem through the launch of X Layer, a Ethereum layer-2 network. The integration makes native USDC and Circle's Cross-Chain Transfer Protocol (CCTP) available on X Layer, allowing for seamless transfers between supported blockchains.

X Layer is compatible with the Ethereum Virtual Machine (EVM), enabling applications built for Ethereum to run on it with minimal changes required. This expansion supports various use cases, including payments, decentralized finance lending and borrowing, trading, and cross-chain transfers.

Eligible businesses can access USDC on- and offramps through Circle Mint, further facilitating the integration of USDC into OKX's ecosystem.