Input Output Group, the developer of Cardano, clarified the motivation behind the development of USDCx infrastructure, stating that its goal is to "withdraw to Cardano," rather than just "use bridging." USDCx is a native asset on Cardano, fully backed 1:1 by USDC in Circle's xReserve smart contract. This integration enables users to access DeFi services and make direct transfers from centralized exchanges to Cardano wallets without interacting with Ethereum, marking an ecosystem-level upgrade to Cardano's financial infrastructure.

ADA-2.12%
USDC0.02%
ETH-0.66%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin